Bank of England signals rates to stay high as borrowing costs hit 15-year high

Bank of England signals rates to stay high as borrowing costs hit 15-year high

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The Bank of England raised its key interest rate by a quarter of a percentage point to a 15-year peak of 5.25% on Thursday, and gave a new warning that borrowing costs were likely to stay high for some time. Unlike the U.S. Federal Reserve or the European Central Bank - which also both raised…

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