Bank of England interest rates raised to 3.5 per cent reaching 14-year high

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Bank of England interest rates raised to 3.5 per cent reaching 14-year high
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Bank of England interest rates have been raised to 3.5 per cent, reaching a 14-year high.

Six members of the Bank of England's nine-strong Monetary Policy Committee voted to raise its interest base rate from 3% to 3.5%.

Another member, Catherine Mann, called for a firmer 0.75 percentage point increase, at the meeting held on Wednesday.

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