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UK central bank raises interest rates for 12th time to tame inflation

Saeed Pourreza
Press TV, London

The UK's central bank has again raised its benchmark interest rate by a quarter of a percentage point. That has brought the rate to 4.5 percent - the highest level in 15 years. The Bank of England says the aim is to curb rampant inflation that remains stubbornly in the double digits.

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