Bank of England raises borrowing costs to 15-year peak, signals rates to stay high

Bank of England raises borrowing costs to 15-year peak, signals rates to stay high

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Flowers grow outside the Bank of England in the City of London, Britain, July 30, 2023. REUTERS/Hollie Adams/File Photo LONDON, Aug 3 (Reuters) - 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…

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