forexBank Of England Hikes Rate For Third Time

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Bank Of England Hikes Rate For Third Time

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The Bank of England raised its key rate for a third policy meeting in a row as inflation is forecast to climb even higher after the 's invasion of e. 
Policymakers led by Governor Andrew Bailey decided to raise the key interest rate, the bank rate, by 25 basis points to 0.75 percent. The Monetary Policy Committee voted by a majority of 8-1 to hike the rate by 0.25 percentage points.

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