Bank of England set to keep rates on hold

The Bank of England is expected to keep UK interest rates at their record low of 0.5% today despite high inflation which is piling misery onto cash-strapped households.

Bank of England set to keep rates on hold

The Bank of England is expected to keep UK interest rates at their record low of 0.5% today despite high inflation which is piling misery onto cash-strapped households.

A rise in interest rates would help to bring down the consumer prices index (CPI) measure of inflation, which has hit 4.5% in recent months - more than double the Bank's 2% target.

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