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Bank of England Holds Rates Amid Rising Inflation

6/19/2025

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Summary

Story summary

The Bank of England has held the base rate steady at 4.25% as inflation surged to 3.4% in May. Despite some calls for a rate cut, worries over soaring food prices and global tensions stymied immediate changes. While economists foresee possible cuts later this year, inflation is projected to linger above target through 2025.

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Story summary

The Bank of England has held the base rate steady at 4.25% as inflation surged to 3.4% in May. Despite some calls for a rate cut, worries over soaring food prices and global tensions stymied immediate changes. While economists foresee possible cuts later this year, inflation is projected to linger above target through 2025.