The Guardian Australia – Business
·business
·1 hour ago
Bank of England maintains interest rates at 3.75% amid weakening inflation
The Bank of England is expected to maintain interest rates at 3.75% during its monetary policy meeting today. With a 98% likelihood of rates being held steady, economists argue that hikes are unnecessary amid signals of weakening inflation and a slight economic contraction. Policymakers aim to balance rising energy costs and imported inflation from ongoing conflicts.
Summary by OZbrief · The Guardian Australia – Business
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