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Chief economist update: Heaven can wait but the BOE couldn't

The Bank of England finally went ahead and did it. It lifted the Bank Rate by 25 basis points to 0.75% at the conclusion of its August Monetary Policy Council meeting.

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Read more: MPCUKparticipation rateAugust Monetary Policy CouncilBank Rateunemployment rateAgentsAmericaBOE Governor Mark Carney The Bank of EnglandBrexitHeavenMay Inflation ReportTrumpUnited Kingdom