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Bank of England policymakers keep rates on hold but more back hike
The Bank of England decided to keep its benchmark interest rate steady at 3.75 percent. However, three policymakers have pushed for a possible hike amid rising tensions in the Middle East. With inflation expected to touch 3.2 percent later this year, projections indicate that rates will stay above target until early 2028. Thus, the central bank is adopting a cautious, wait-and-see strategy.
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independent.co.uk
Bank of England set to hold interest rates at 3.75%
A number of economists have predicted another seven-to-two vote in favour of holding the current rate.
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economictimes.indiatimes.com
Global Market: Bank of England expected to hold rates steady as inflation risks stay in focus
The Bank of England is expected to hold its benchmark interest rate at 3.75% as policymakers assess inflation risks from geopolitical tensions, energy prices and a slowing labour…
