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Economics1d 22h ago
The Bank of England is expected to hold borrowing costs at 3.75% after inflation data and the prospect of a US-Iran peace deal.
United Kingdom
Who
Bank of England, economists, Donald Trump, Victoria Scholar
What
The Bank of England is expected to hold borrowing costs at 3.75% after inflation data and the prospect of a US-Iran peace deal.
When
Wed, 17 Jun 2026 12:34:09 GMT · 1d 22h ago
Where
United Kingdom ·
Why
New inflation data reinforced expectations that policymakers will not need to increase interest rates, with the Consumer Prices Index (CPI) inflation staying at 2.8% in May, and a US-Iran peace deal potentially lowering oil prices.
The Frontline Impact
How this affects you
The decision provides temporary relief to the UK's Monetary Policy Committee, but inflation is still expected to rise in the coming months, signaling potential future rate hikes later in the year.
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