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At 14:00 (GMT+2), the decision of the Bank of England on the interest rate will be announced. The regulator is expected to raise the figure from 3.00% to 3.50% to combat further inflation, which has reached a 40-year high. The accompanying statement may contain officials' vision of the state and immediate prospects of the national economy, as well as hints at further actions of the regulator in the field of monetary policy.
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