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Bank of England Faces Difficult Rate Decisions
The Bank of England is expected to keep interest rates at 3.75% amid rising global energy prices and inflation pressures caused by ongoing Middle East conflict. Despite a recent increase in inflation to 3.1%, policymakers are cautious about raising rates further to avoid harming employment prospects. Market expectations have already led lenders to hike mortgage rates, with borrowing costs increasing amid concerns over persistent inflation.
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