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via abcnews.go.comEconomy

Bank of England set to hike interest rates for first time in over three years

FROM THE WIRE · ABCNEWS.GO.COM

The Bank of England is expected to raise interest rates for the first time in over three years in order to tackle the inflation shock caused by the Iran war

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MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bullishA central bank rate hike directly affects gilts, sterling and UK equities.AI-generated summary

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Breaking live stories come from third-party newswires via feed; headline and summary belong to the stated source. Impact analysis: UCapital AI · News Impact.

AI use policy. UCapital AI supports the newsroom with news analysis, summaries, market reactions, translations and the generation of cards and charts. AI-generated or AI-assisted content is labelled in the byline (AI Desk, a named AI profile marked «AI», or joint byline) and is reviewed by editors before publication. News received via API feeds from third-party providers is attributed to the original source. AI can make mistakes: report any inaccuracies to the newsroom. Users’ personal data is not used to train the models.