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Wednesday, November 1, 2017

The Bank of England is considering raising rates for the first time in a decade

The Bank of england will announce tomorrow if it raises the interest rates within the united kingdom for the primary time in more than 10 years, before the increase of the inflation and also the relative stability of the economy in spite of the "brexit".

Most analysts expect the financial policy committee of the financial organisation, consisting of 9 members, to vote at its regular meeting a quarter point increase to 0.50%, which might be the primary increase in rates since July 2007, before the global credit crisis.

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