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Inflation target to be met in two years says Bank of England Governor

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Governor of the Bank of England Andrew Bailey says that it will take one year for inflation in the UK to drop to 9%, but it'll take an extra year on top of that to reach the Bank's target of 2%.

This comes as the BoE raised its base interest rate by 0.5% to 1.75% - its biggest rise since 1995.

#BankOfEngland #Money #Economy

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Category
World
Tags
bank of england, the bank of england, bank of england interest rate
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