Reported about 10 hours ago
The Bank of England has decided to keep its interest rate steady at 4%, disappointing mortgage holders seeking lower borrowing costs. The decision, which was narrowly split 5-4, highlights ongoing concerns about inflation remaining above the target of 2%. Policymakers hinted at potential rate cuts in the future, depending on the progress of disinflation, while the next meeting is scheduled for December.
Source: YAHOO