Bank of England keeps interest rates on hold at 5.25%

Seventh consecutive freeze comes despite fall in rate of inflation to 2% target last month

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The Bank of England has held interest rates at 5.25%, marking the seventh consecutive time the central bank has left the cost of borrowing unchanged.

Dashing Rishi Sunak’s hopes of a pre-election cut in the cost of borrowing, a majority of the Bank’s monetary policy committee (MPC) said they wanted to see further evidence that prices growth would remain subdued. Continue reading...


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