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From left, Jon Cunliffe, deputy governor for Financial Stability; Andrew Bailey, governor of the Bank of England; and James Bell, executive director for communications are seated during the Bank of England's financial stability report press conference, at the Bank of England, London, Tuesday July 5, 2022. The Bank of England is likely to announce its biggest interest rate increase in more than 27 years as it seeks to rein in accelerating inflation driven by the fallout from Russia’s invasion of Ukraine. (Stefan Rousseau/Pool Photo via AP, File)

From left, Jon Cunliffe, deputy governor for Financial Stability; Andrew Bailey, governor of the Bank of England; and James Bell, executive director for communications are seated during the Bank of England's financial stability report press conference, at the Bank of England, London, Tuesday July 5, 2022. The Bank of England is likely to announce its biggest interest rate increase in more than 27 years as it seeks to rein in accelerating inflation driven by the fallout from Russia’s invasion of Ukraine. (Stefan Rousseau/Pool Photo via AP, File)

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