Published
Interest rates have gone up to 4.25% - their highest level in 15 years.
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But although the Bank of England warned that inflation was stubbornly high - they said the economy was getting stronger.
The bank's governor, Andrew Bailey, dismissed suggestions that there could be a possible repeat of the 2008 financial crisis, insisting that UK banks are robust.
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(Subscribe: https://bit.ly/C4_News_Subscribe)
But although the Bank of England warned that inflation was stubbornly high - they said the economy was getting stronger.
The bank's governor, Andrew Bailey, dismissed suggestions that there could be a possible repeat of the 2008 financial crisis, insisting that UK banks are robust.
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Follow us on Instagram - https://www.instagram.com/Channel4News
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