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46· Steady
Economics1d 22h ago
Economists expect the Bank of England to hold borrowing costs at 3.75% at its next announcement on Thursday.
UK
Who
Bank of England, economists, Victoria Scholar, Donald Trump
What
Economists expect the Bank of England to hold borrowing costs at 3.75% at its next announcement on Thursday.
When
Wed, 17 Jun 2026 12:34:09 GMT · 1d 22h ago
Where
UK ·
Why
New inflation data showed the Consumer Prices Index (CPI) inflation stayed at 2.8% in May, lower than economists' predictions, and a US-Iran peace deal is anticipated.
The Frontline Impact
How this affects you
The decision to hold interest rates may offer temporary relief, but UK inflation is still widely expected to accelerate over the coming months due to the ongoing impact of the Iran war on energy prices. This could lead to policymakers needing to raise interest rates later in the year.
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