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Bank of England Set for Biggest Interest Rate Rise in 27 Years

  • Historic shift away from stimulus toward tighter money
  • Central banks around the world are fighting inflation surge
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BOE's Bailey Says Global Economic Outlook Has Deteriorated Markedly

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The Bank of England this week is expected to push through the biggest interest-rate increase in 27 years and unveil its strategy for unwinding some of the £895 billion ($1.1 trillion) of stimulus it delivered over the past decade.