UK interest rates: Bank of England holds interest rate at 4%; inflation lingers at 3.8%
Join our WhatsApp Community to receive travel deals, free stays, and special offers!
- Join Now -
Join our WhatsApp Community to receive travel deals, free stays, and special offers!
- Join Now -
The Bank of England maintained its key interest rate at 4 per cent, despite UK inflation remaining high at 3.8 per cent in August, nearly double the 2 per cent target. The central bank has been gradually lowering rates since August 2024, with the next potential cut in November. Economists are uncertain due to persistent price pressures and wage growth. What's Your Reaction?
Like
0
Dislike
0
Love
0
Funny
0
Angry
0
Sad
0
Wow
0
