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Is it time for the Bank of England to take action? © Keith Braithwaite

 

Attention has turned to just how far and how fast interest rates will rise in Britain, and what the impact on the UK economy will be.

The Monetary Policy Committee of the Bank of England responded to the financial crisis and deep and prolonged recession by sharply reducing the bank’s interest rate to a historically low 0.5 per cent, and…

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