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According to a Reuters poll, the Bank of England will raise interest rates early next year. Three quarters of the economists surveyed said the BoE will raise its interest rate by 25 basis points to 0.75% before April.
Economists expect the central bank to raise its rates gradually. The interest rate is expected to be at 1.25% by the end of 2016, at 2.00% in 2017, and at 2.50% in 2018.
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