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BOE Hikes Rates as Four Officials Vote for a Bigger Increase

  • Key rate hits 0.5%, the threshold to stop gilt reinvestments
  • Policy makers are concerned inflation may top 7% this year
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BOE Hikes Key Interest Rate to 0.5% With Four Dissenters
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The Bank of England increased its key interest rate in a bid to contain the fastest inflation in three decades, with some policy makers unexpectedly seeking a more aggressive response to rising prices.