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The Bank of England’s surprise rate rise

FT News Briefing

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Bank of England's Unexpected Rate Hike Amid Pandemic Uncertainty

This chapter delves into the Bank of England's unexpected decision to increase interest rates for the first time in three years, driven by inflation concerns amid the Omicron variant. It contrasts this decision with standard central banking practices and contextualizes it within the recent public listing of TPG in the financial markets.

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