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Bank Of England Hikes Interest Rates To 4.25%: Pound Edges Higher, UK Stocks Hold Steady Ahead of Wall Street Open

The Bank of England raised interest rates by 25 basis points to 4.25% Thursday, as widely anticipated by the market, in a 7-2 vote.  Further tightening of monetary policy will be required "if there were signs of more persistent price pressures," the central bank said in a statement.