The Bank of England is expected to raise interest rates.

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Bank of England

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Questions:

1. What is the role of the Bank of England in the UK economy?
2. How does the Bank of England control the money supply?
3. Why would the Bank of England be considering a rise in the interest rate?
4. What effect would a rise in the interest rate have on expenditure plans in the United Kingdom?
5. Would you support a rise in the interest rate? Why or why not?

Chapters: 26

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