Bank of England expected to keep interest rates unchanged despite rising inflation
The Bank of England is expected to maintain current interest rates despite UK inflation reaching a five-month high. Rising fuel prices, linked to conflict involving Iran, have contributed to the increase. Policymakers are awaiting further evidence before adjusting rates.
LONDON (AP) — The Bank of England is expected to keep interest rates unchanged Thursday even though inflation in the United Kingdom has risen to a five-month high as the fallout from the Iran war continues to ratchet up fuel prices. Economists expect a majority of the nine-member Monetary Policy Committee will want to see...
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