Bank of England hikes key rate by 50 basis points, will continue to respond 'forcefully' if needed

Bank of England hikes key rate by 50 basis points, will continue to respond 'forcefully' if needed

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LONDON — The Bank of England on Thursday hiked its main interest rate by 50 basis points and signaled that more tightening will be needed to rein in inflation. The Monetary Policy Committee voted 6-3 in favor of the half-percentage-point hike, which takes the bank rate to 3.5%. The rise marks a…

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