Bank of England raises interest rates to 4.25pc and warns of further pain

Bank of England raises interest rates to 4.25pc and warns of further pain

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Andrew Bailey has signalled there could be further pain to come for households as the Bank of England raised interest rates by a quarter of a percentage point. Policymakers at the Bank of England increased rates to 4.25pc on Thursday, a near 15-year high and the eleventh time rates have been…

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