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The content originally appeared on: CNN London (CNN Business)Central bankers in the United Kingdom have announced the biggest increase in interest rates in 27 years, as spiraling inflation continues to cripple millions of households' finances. The Bank of England raised the cost of borrowing by 50 basis points to 1.75% - the sixthtime the central bank has raised rates since December, and follows recent hikes by the European Central Bank and Federal Reserve to tame runaway prices. In June, annual […]
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