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Bank of England keeps interest rates on hold at 4.25%

Base rate stays unchanged as policymakers weigh concerns about inflation, Trump tariffs and Israel-Iran conflictThe Bank of England has left interest rates on hold at 4.25% as it awaits further evidence that inflation is under control before cutting borrowing costs further.The Bank’s nine-member monetary policy committee (MPC) is taking what it calls a “gradual and careful” approach to reducing rates, making four quarter-point cuts since last August. Continue reading...

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