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The Bank of England will raise interest rates for the first time in a decade at its next meeting, a Reuters poll of economists showed Wednesday, with a large majority saying such a move would be a mistake.But 35 of 47 economists polled said now was not the time to be increasing borrowing costs.Inflation hit 2.9 percent in August, much quicker than the 2 percent the Bank of England targetsA majority of those polled – 31 of 50 economists – now forecast the first Bank of England rate hike in over a decade on Nov. 2, to 0.50 percent from 0.25 percent.There is no consensus on when the Bank of England will raise rates again.Economists were mostly convinced the Bank of England wouldn't need to ease policy before then.
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