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UK moves into worst case inflation scenario: into the grip of a wage-price spiral: Prof Martin Weale

UK moves into worst case inflation scenario: into the grip of a wage-price spiral: Prof Martin Weale
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Bank Of England: Bank Rate Increased To 4% - February 2023 - Monetary Policy Summary And Minutes Of The Monetary Policy Committee Meeting

<h2>Monetary Policy Summary, February 2023</h2> <p>The Bank of England’s Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment. At its meeting ending on 1 February 2023, the MPC voted by a majority of 7–2 to increase Bank Rate by 0.5 percentage points, to 4%. Two members preferred to maintain Bank Rate at 3.5%.</p>

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Bank of England raises interest rate by 0 5 basis points to 3 5%

The Bank of England s Monetary Policy Committee (MPC) has increased the bank rate by 0.5 percentage points, to 3.5 per cent. Bank staff now expects UK GDP to decline by 0.1.

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Bank of England lifts interest rates 0 5%, signals more hikes

Bank of England lifts interest rates 0 5%, signals more hikes
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Bank of England hikes interest rates again to 3 5 percent in new 14 year high

Bank of England hikes interest rates again to 3 5 percent in new 14 year high
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