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When is the next interest rates announcement and will they increase?

by News Room
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The UK central bank began raising interest rates as the pandemic came to an end and energy costs began to rise. The Monetary Policy Committee of the bank, which sets interest rates, increased rates 14 times between December 2021 and August 2023, sending them skyrocketing from an all-time low of 0.1 per cent to their current high of 5.25 per cent.

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