The Guardian Australia – Business
·business
·2 hours ago
Bank of England leaves interest rates on hold at 3.75%
The Bank of England held interest rates at 3.75% Thursday, with its nine-member committee voting 8-1 to maintain borrowing costs despite rising inflation. Governor Andrew Bailey warned higher inflation is "unavoidable" due to Middle East conflict effects on fuel prices. The Bank signaled rate increases later this year as UK inflation rose to 3.3% in March.
Summary by Glance · The Guardian Australia – Business
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