Bank of England holds press conference on interest rate increase

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The Bank of England holds a press conference after announcing the interest rate has increased 0.25 percentage points to 4.5%.

Addressing the latest decision, Bank of England governor Andrew Bailey says there has been "modest growth" and it's expected that inflation will "fall quite sharply over the coming months".

This will begin with the inflation figure for April, which will be released in the next two weeks.

#Inflation #Interestrates #costofliving #UK #bankofengland

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