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The Bank of England is expected to keep interest rates at 3.75% today, despite bond traders pricing in hikes and the Federal Reserve tightening policy. MPC members are split, with three voting for a hike and a fourth possibly joining. Two-year gilt yields have spiked to 4.6%, signalling market anxiety. The decision comes as CPI inflation edges up to 3.1%, driven by fuel prices, raising questions about whether rates are...
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