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The Bank of England looks set to hike interest rates—for rather an unusual reason

A rise in rates once meant that the economy was returning to normal health, but not this time

By Duncan Weldon  

Bank of England Governor Mark Carney. Photo: Jonathan Brady/PA Wire/PA Images

Rarely has an interest rate rise in the UK been as well flagged as the one expected next week. Over the past few months, Bank of England reports, speeches from Monetary Policy Members and interviews from the Governor have all played up the fact that rates will rise “soon.” Next Thursday the crescendo will end either with the first hike in more than a decade or with Mark Carney cementing his reputation as an “unreliable boyfriend” who can’t…

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