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Bank of England raises interest rates to 4%, the first increase in more than three years
Governor Andrew Bailey says it shouldn't be seen as the first in an "inevitably long sequence of hikes" - but warns "neither does it seem likely to be the last", unless the Iran war is resolved.
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Three ways the interest rate rise could affect you
Job, loans and savings are all affected by the rise in interest rates announced by the Bank of England.
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