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Bank of England expected to keep path clear for May rate rise
Britain’s central bank is likely to keep on course on Thursday for an interest rate rise in May which would take borrowing costs above their emergency levels for the first time since the financial crisis more than a decade ago. Last month BoE Governor Mark Carney and his colleagues surprised markets by saying rates might need to go up faster than expected, due to a strong global economy and an inflation rate that is running uncomfortably above target. No economist polled by Reuters expects the BoE to follow up on its rate hike in November - its first since 2007 - at its March meeting. But most think the BoE will ... (full story)
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