Bank of England Raises Key Interest Rate
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The Bank of England raised its key interest rate Thursday by a quarter of a percentage point to 5.75 percent, the fifth increase this year, in an attempt to curb inflation.
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The Bank of England today held the base interest rate at 4.75% for the fourth consecutive month, with the decision coming amid evidence of a slowdown in house price growth and weak economic data.
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The Bank of England raises UK interest rates to 5.75%, warning that pricing pressures remain elevated.
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Homeowners are given a boost after policymakers at the Bank of England vote to keep interest rates at 5.25%.
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European interest rates were on the rise yesterday after the Bank of England announced another increase in borrowing costs and the European Central Bank signalled that eurozone rates were likely to go up in September.
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The Bank of England is expected to keep interest rates at 5.25%, but another rise remains a possibility.
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Policymakers at the Bank of England voted 6-3 to raise UK interest rates to 5.75% this month, minutes show.
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The European Central Bank is expected to raise its key interest rate by a quarter of a percentage point to 4 percent when it meets Wednesday, but economists will be looking for signals on further potential increases.
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Bank of England expected to push rates up to 5.75%.
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Bank of England policymakers are set to increase on Thursday British interest rates to 5.75 percent, a six-year high, as Britain&#39;s economy grows faster than expected, analysts said.
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Bank of England raises interest rates by a quarter point to 5.75%, their highest level for six-and-a-half years.
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The Bank of England holds UK interest rates at 5.5%, but analysts say a rate rise later this year remains likely.
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Business & money: Analysts believe Bank of England still likely to raise interest rates higher in the coming months.
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Hopes of a cut in interest rates were raised today, following the publication of the Bank of England&#39;s Monetary Policy Committee minutes.
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The pound has risen, hitting new 10-month highs against the euro, on continued expectations that the Bank of England will raise interest rates further in November.
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The Bank of England held its key interest rate steady at 4.75 percent Thursday.
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UK interest rates are expected to go up  later this week as the Bank of England moves to combat inflation.