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Fewer expect rate rise

Britons have scaled back their expectations of a rise in interest rates, with just 37% expecting an increase in the next 12 months.

The proportion expecting a rise is the lowest since November 2013, according to the survey by the Bank of England. In August it was 49%.

Meanwhile, economists polled by Reuters last week have forecast that interest rates will rise from their record low of 0.5% between July and September next year.

Daily Telegraph, 41

 

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