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Bank of England ‘unlikely’ to cut interest rates

Interest rates held at 4.25% but Bank of England hints at future cuts

Governor Andrew Bailey says "interest rates remain on a gradual downward path" but cautions "the world is highly unpredictable".

Daily Express · 1d

Interest rates: Bank of England holds rate at 4.25% in blow to Rachel Reeves

The Bank of England has held interest rates at 4.25% amid mounting fears the conflict between Israel and Iran will escalate. The decision on Thursday (June 19) by the bank’s nine member Monetary Policy Committee (MPC) was widely anticipated.

City A.M. on MSN · 1d

Bank of England holds interest rates at 4.25 per cent

The Bank of England has held interest rates to “squeeze out persistent inflationary pressures” amid tensions between Israel and Iran risking an alarming uptick in energy prices later this year. Officials said high inflation predictions and sticky wage growth figures had led them to opt for interest rates to be kept at 4.

2h

Bank offers bumper 7% interest rate on savings account

The Co-operative Bank offers a regular savings account with a bumper interest rate of 7%. This rate remains competitive ...

Cyprus Mail on MSN1d

Bank of England keeps interest rates steady with focus on weaker job market, energy prices

Noting the elevated global uncertainty and persistent inflation, the Monetary Policy Committee voted 6-3 to keep rates on ...

1d

Bank of England keeps interest rates unchanged leaving home-buyers to wait for loan cuts

HOME-buyers were made to wait for loan cuts as Bank chiefs held steady on interest rates. Borrowing costs were kept at 4.25 ...

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