BRITAIN-INTEREST RATE-RAISE

BRITAIN-INTEREST RATE-RAISE

(220319) -- MANCHESTER, March 19, 2022 (Xinhua) -- An energy meter, an electricity bill and some notes are seen in a family in Manchester, Britain, March 18, 2022. Britain's central bank, the Bank of England (BoE), has once again lifted the benchmark interest rate to 0.75 percent in a move to combat the rising inflation, according to a BoE statement on Thursday. The BoE has raised borrowing costs several times since December to bring down the country's soaring inflation, which reached a 30-year high of 5.5 percent in January. The Bank's Monetary Policy Committee expected Britain's inflation to grow further in the coming months, to around 8 percent in the second quarter in 2022, and perhaps even higher later this year. (Photo by Jon Super/Xinhua)

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