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Bank Of England Hikes Key Rate, Signals More Tightening

The Bank of England raised its key rate again and signaled 'modest tightening' in the months ahead as it struggles to bring the inflation back to the 2 percent target.

The Monetary Policy Committee of the BoE decided to increase the key interest by 0.25 percentage points to 0.50 percent.

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by RTTNews Staff Writer

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