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The Telegraph - Bank of England hikes UK economic growth forecasts but warns of rising inflation:

The Bank of England has upgraded its growth forecasts for the next three years as policymakers acknowledged the UK's economic performance had been "markedly stronger" than its gloomy predictions following the Brexit vote.

Bank officials expect the UK economy will grow by 2pc this year. This is up from a forecast of 1.4pc in November and just 0.8pc last August.

Growth in 2017 is now projected to be only slightly weaker than 2016, as well as the projection of 2.3pc growth for 2017 that officials forecast last May, ahead of the EU referendum.

Policymakers also raised their forecasts for growth in 2018 and 2019 to 1.6pc and 1.7pc respectively, from 1.5pc and 1.6pc in November.

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