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Will the Bank of England hike interest rates in December?
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fnlondon.comThe City is keeping a close eye out for any signals that the Bank of England may move to increase interest rates next month, after UK inflation rose to 4.2% in October — its highest level in 10 years.
Results from the keenly watched purchasing managers' index for November showed buoyant business growth, job market gains and record inflationary pressures — conditions which some economists say give the BoE the green light to hike rates in December.
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