Bank of England makes 12th consecutive rate and no longer forecasts recession

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The Bank of England on Thursday lifted interest rates for the 12th consecutive meeting, taking rates up by a quarter point to 4.5%.

The 7-to-2 vote was expected.

One key change in the statement was its new view that the U.K. will avoid recession, as the central bank expects 0.2% quarterly growth in both the first and second quarters, against…

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