Interest rate rise in midst of cost of living crisis will leave many incredulous
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Bank’s decision goes contrary to analysis from Office for Budget Responsibility that predicts lower inflation and little impetus for wage growthBank of England raises interest rates to 4%Business live – latest updatesAn interest rate rise by the Bank of England to 4% is a big call when households are suffering from a second cost of living crisis in four years.Many people will be incredulous when they hear of the decision to increase the cost of borrowing by 0.25 percentage points, looking around
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