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BoE hikes rate for first time in 3 years; retreating oil prices may allow for more options ahead

BoE hikes rate for first time in 3 years; retreating oil prices may allow for more options ahead
Photo: KSAT 12 (ABC affiliate) · view original

The Bank of England indicated Thursday that the sharp decline in energy prices after the U.S. midterm elections — if sustained — could limit the prospect of further interest rate hikes in the coming months. After raising its main interest rate for the first time in more than three years to 4% fro...

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