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The central bank is watching developments in financial markets and "will make a full assessment at its next scheduled meeting of the impact on demand and inflation from the Government's announcements, and the fall in sterling, and act accordingly."
The announcement falls short of what some economists and market-watchers began calling for in recent days: an emergency rate hike.
The announcement falls short of what some economists and market-watchers began calling for in recent days: an emergency rate hike.
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