Reported about 13 hours ago
The Bank of England has maintained its interest rate at a two-year low of 4.25%, citing a 'highly unpredictable' geopolitical climate, particularly due to escalating tensions between Israel and Iran. Although three policymakers voted for a rate cut, the bank anticipates that inflation will remain elevated. Experts suggest that further developments in the Middle East could influence inflation and lead to cautious policy adjustments in the future.
Source: YAHOO