Bank of England holds interest rates amid intensifying inflation risks
Bank of England holds interest rates amid intensifying inflation risks
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The Bank of England has decided to maintain its benchmark interest rate at 4.25%, amid rising concerns about escalating conflicts in the Middle East and US tariffs impacting inflation. While inflation remains above the target at 3.4%, there are expectations of future rate cuts due to slow economic growth. Experts warn that geopolitical tensions and tariff uncertainties could further complicate the economic outlook.
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