UK interest rate rise is coming, Bank of England tells borrowers
by Richard Partington from on (#3FD1H)
Decision to hold rates now came with heavy caveats that a rise is likely in May to tackle inflation
The Bank of England has signalled that an interest rate hike is coming from as early as May and that there are more to come, as the economy accelerates with help from booming global growth.
Inflation is when prices rise. Deflation is the opposite - price decreases over time - but inflation is far more common.
Related: Watch out: interest rates will rise at the end of February
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