Bank holds base rate at 5.25% for second month

The Bank of England today held its base rate at 5.25% for a second time amid signs inflation is coming close to being tamed, at least for now. 

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Surprise as Bank holds base rate at 5.25%

The Bank of England today held its base rate at 5.25% following an unexpected dip in inflation yesterday.

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Surprise dip in CPI to 6.7%

 

The Consumer Prices Index, the key measure of UK inflation, showed a surprise fall in August to 6.7% from 6.8% in July.

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BoE expected to raise interest rates by 0.25%

The Bank of England is expected to raise interest rates tomorrow (Thursday) by 25 basis points in what could be the 15th rise in a row but it could also be the last rise for a while.

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