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Bank of England is keeping its main interest rate at 3.75% despite higher inflation

LONDON (AP) — The Bank of England kept the U. K. ’s main interest rate unchanged at 3. 75% Thursday even though inflation in the United Kingdom has risen to a five-month high as the fallout from the Iran war continues to ratchet up fuel prices. Like other central banks, the inflation outlook will be key for the Bank of England. Some have already decided to start raising borrowing costs again, including the U. S. Federal Reserve on Wednesday. Many economists are forecasting U. K. inflation...

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