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The Piney Point

Bank of England holds rates but appears ready to hike soon

Bank of England holds rates but appears ready to hike soon
Photo: KPRC 2 / Click2Houston (NBC) · view original

The Bank of England kept interest rates on hold Thursday while indicating that it could raise them soon in order to dampen inflationary pressures emanating from the fallout of the Iran war. The decision was widely anticipated, with six members of the Monetary Policy Committee voting to keep rate...

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