Bank of England raises interest rate to 0.25%

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FILE PHOTO: FILE PHOTO: A bird flies past The Bank of England in the City of London

LONDON – The Bank of England raised its main interest rate to 0.25% on Thursday as inflation pressures mounted in Britain.

Most economists polled by Reuters had expected the BoE to keep Bank Rate at 0.1% due to a new surge in coronavirus cases.

(Reporting by David Milliken and Andy Bruce; Writing by William Schomberg)

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