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Breaking: Bank of England holds rates at 0.1 per cent despite rising inflation

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London’s premier FTSE 100 index posted a reasonable performance last week, adding 0.3 per cent to finish at 7,544.55 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, dipped 0.83 per cent to 20,708.71 points

The Bank of England has held the interest rate at 0.1 per cent despite fears of runaway inflation.

The Monetary Policy Committee voted 7-2 in favour of the move.

This is a breaking story and will be updated.