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Forecasts of further rises in the inflation rate mean some analysts expect the Bank to act by the end of the year.
Evan Speigel says it would be "an important step forward for the industry" in an interview with the BBC.
Rates were hiked in a unanimous decision despite fierce opposition from President Donald Trump, who had called for a cut.
From coffee chats to LinkedIn messages, here's how to network your way to your next job.
Summer holidays and disruption to global oil supplies by the Middle East conflict stoked price growth.