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BOE Expected to Go Faster and Further on Rates, Poll Finds

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UK Feb-Apr Unemployment Edges Higher to 3.8%

The Bank of England is expected to raise interest rates faster and further than anticipated a month ago as it battles the highest inflation in decades.

The central bank, which had been expected to pause after hiking to 1.5%, is now predicted to lift the benchmark cost of borrowing to 2% by this time next year, according to economists surveyed by Bloomberg last week.