The Bank of England has held interest rates for the fifth successive time despite cautioning that energy prices and an AI-driven memory chip shortage will drive inflation higher.
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The Bank of England has held interest rates for the fifth successive time despite cautioning that energy prices and an AI-driven memory chip shortage will drive inflation higher.
The bank says it wants to see how far rising oil and gas costs feed through into higher prices across the rest of the economy.
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Bank of England, Business, Economy, UK, UK
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