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To: Condor who wrote (797)	5/6/2004 10:41:11 AM
From: Bucky Katt	Read Replies (1) \| Respond to of 1338

Bank ups interest rates to 4.25% The Bank of England has raised UK interest rates by a quarter percentage point to 4.25%. The move had been widely expected by economists and comes as the Bank tries to cool soaring property prices and consumer debt. The increase is the third quarter-point rise the Bank has made in the past seven months. It will leave homeowners repaying £15 a month more on a £100,000 mortgage with a previous interest rate of 5.75%. Many analysts now believe the cost of borrowing could reach 5% by the end of the year.