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UK Interest Rates Could Rise Four Times Over the Next Year

The Bank of England is expected to hike interest rates as many as four times within the next year, City figures have said, after the economy delivered surprise growth in July.  The central bank is expected to be buoyed by this morning’s GDP figures, which saw the UK economy grow by 0.4 per cent in July despite forecasts that growth would grind to a halt. Andrew Bailey is widely tipped to oversee an interest rate…