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Bank of England base rate to go up again – gloomy forecast by experts

Financial analysts are unanimously warning that Bank of England base rate will rise yet again tomorrow.

If they are correct this will be the 12th consecutive BoE meeting in a row that the base rate has risen as the Bank battles stubbornly high inflation.

Last month, the Bank’s Monetary Policy Committee voted by a 7-2 majority to raise interest rates by 0.25 percentage points to 4.25 per cent, taking the rate to its highest level since the 2008 financial crisis.

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