Bank forecast to raise rates above 5% as UK inflation falls by less than expected

Bank forecast to raise rates above 5% as UK inflation falls by less than expected

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The Bank of England is expected to raise interest rates above 5% before the end of the year after the UK annual inflation rate fell by less than expected last month as food prices accelerated at the fastest pace for 45 years. The Office for National Statistics (ONS) said annual inflation as…

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