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BOE Raises Key Rate by Half Percentage Point, Signals It May Soon Pause
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LONDON—The Bank of England raised its key interest rate Thursday for a 10th straight policy meeting, but signaled it may soon pause that series as the annual rate of inflation falls and the economy falters.
The U.K.’s central bank raised its bank rate to 4% from 3.5%, having begun to tighten monetary policy in December 2021 in response to a pickup in inflation that saw consumer prices rise 10.5% in the 12 months through December.
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