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Bank of England Maintains Interest Rates Amidst Economic Uncertainty

Today, the Bank of England opted to keep interest rates steady at 5.25%, marking the sixth consecutive hold following a streak of 14 consecutive increases since December 2021.

This decision, made by the nine-member panel, saw seven members advocating for a hold, while two proposed a rate drop. Inflation, the gauge of price rise, has exhibited a gradual decline at 3.20% for the year ending in March.

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