Bank of England Hints at New Rates Increase

Western MailJuly 18, 2007

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Summary


BORROWERS look set to face another rise in interest rates if inflation is to hit the Government's 2% target, the Bank of England suggested yesterday.

A key quarterly inflation report from the Bank indicated that interest rates may need to rise by another quarter point to 5.75% for inflation to be kept under control.

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Extract


Bank of England Hints at New Rates Increase

The Bank predicted that the Consumer Prices Index (CPI) - the official measu...

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