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Economy

How Does the August 2018 Interest Rate Hike Affect Businesses?

Economy

How Does the August 2018 Interest Rate Hike Affect Businesses?

The Bank of England’s interest rate increase from 0.5% to 0.75% demonstrates that the nine-member monetary policy committee feels the economy is robust enough to sustain the rise. The Bank is working towards their pre-planned 2% target and is confident that businesses can absorb the increases.

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