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Borrowers have been saddled with hiked interest repayments in recent years thanks to the Bank of England's decision-making
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Analysts are pricing in an interest rate hold from the Bank of England's Monetary Policy Committee (MPC) later today in light of inflation continuing to be an issue.
The central bank's policymakers have recently voted to slash the base rate from a high of 5.25 per cent to four per cent in much-need relief for those with a mortgage and debt.
Previously, the Bank has stated it wants the consumer price index (CPI) rate to fall closer to two per cent before reducing the cost of borrowing further.
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