Interest rates have been increased 14 times in a row as officials try to bring down inflation. But concerns have been raised about the impact of hikes on other areas of the economy.
to 5.25% earlier this month and said it expected them to remain at high levels for longer than previously expected.
But the Bank remains concerned that core inflation, which does not track items susceptible to sharp rises and falls, such as food and energy, remains"stubbornly high" at 6.9%.
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