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Bank of England raises rates to highest level since 2009

BOE officials voted unanimously to raise the central bank’s policy rate to 0.75% from 0.5%

Bank of England raises rates to highest level since 2009

The Bank of England raised its benchmark interest rate for only the second time in a decade, as worries over inflation trumped concerns about Brexit and a brewing global trade war.

BOE officials voted unanimously to raise the central bank’s policy rate to 0.75% from 0.5% following the rate-setting Monetary Policy Committee’s August meeting, the BOE said Thursday. The increase takes the benchmark rate to its highest level since 2009.

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