BBC News
Faisal Islam: How high will interest rates go?
The BBC's economics editor views one more interest rate as likely, but thinks that will be all.
By BBC News
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·Excerpt
Why have they raised now? High and rising inflation risks a further cycle of self fulfilling expectations of rising prices. It hasn't been seen so far, however. The war has lasted for 9 months, and led to oil prices used in the forecast averaging $108 a barrel.
And yet on the day they have announced the rate rise, the oil price is actually…
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