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The Bank of England is set to join its peers in the U.S. and Europe in keeping borrowing rates unchanged at its policy meeting Thursday despite mounting worries over the state of the British economy. The central bank is expected to keep its main interest rate at a 15-year high of 5.25 per cent, where it has stood since August. Holding that high rate follows two years of hikes that targeted a surge in inflation, first stoked by supply chain issues during the coronavirus pandemic and then Russia's invasion of Ukraine, which pushed up food and energy costs. Its decision comes during a busy pre-Christmas bout of central bank activity, with the U.S. Federal Reserve and the European Central Bank also set to keep their main borrowing rates on hold at multi-year highs. The Bank of England is widely thought to be further away from cutting rates than the Fed or the ECB, with inflation in the UK higher than in the US or across the 20 European Union countries that use the Euro currency. The Ba