Interest rates expected to be held after small economic growth

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“We still haven’t felt the full effect of previous rate hikes, and so the prospects of recession are still looming on the horizon with so little respite expected on sideswiped budgets,” said Susannah Streeter, head of money and markets, Hargreaves Lansdown, adding that the Bank of England looked “set to keep the pause button held on interest rate hikes”.

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