Interest rates raised to 4.5% in 12th successive rise in a row
The rate has increased from 4.25% to 4.5% as the Bank of England made its 12th successive raise in a row.
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Bank of England expected to raise interest rates for twelfth time in a row
UK interest rates are expected to rise further this week as inflation remains stubbornly high, economists have said.
Bank of England boss warns interest rates will rise again if prices hiked
The highest food prices in nearly 45 years have been driving inflation, which triggered the central bank's decision to hike interest rates to 4.25%.