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The Financial Times reports the Bank of England has predicted that inflation – the rate at which prices are rising – would rise above 4% next year. But it says the bank voted against raising interest rates – which would affect the cost of borrowing for things like mortgages and student loans.

Financial Times Front Page 22nd of October 2021

The Financial Times leads with a warning from the Bank of England’s new chief economist that inflation is likely to rise “close to or even slightly above five percent” early next year, which comes ahead of a decision on whether to raise interest rates.

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