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Cost of Living: Bank of England set to raise interest rates as stubbornly high inflation remains

The rate of price rises has remained at 8.7% despite expectations of a fall, according to official figures. The Bank of England is expected to raise interest rates to 4.75% on Thursday for the 13th time in a row.

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Sky's business correspondent Paul Kelso explains why rising prices might lead to a higher cost of borrowing.
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