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Source:
The Guardian
Source: The Guardian
2 HrsThe Guardian
Source: The Guardian
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The Bank of England raised interest rates by 0.25 percentage points to 4%, despite households and businesses facing continued cost-of-living pressures. The Bank expects higher energy costs to fuel prices and wage growth, but the Office for Budget Responsibility forecasts 1% economic growth in 2027 and inflation peaking at 3.75%, below the Bank’s projections.
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