Interest rates UK

Interest rates UK

The Bank of England has decided to keep interest rates on hold at 5.25% in a narrow vote, following 14 consecutive rises. This decision comes amidst a fall in inflation and growing concerns over the strength of the UK economy.

The Bank of England's decision to maintain the current interest rates reflects their cautious approach towards the economy. With inflation showing signs of decline, the central bank aims to strike a balance between supporting economic growth and keeping inflation in check.

The UK economy is facing uncertainties due to various factors such as Brexit and global economic conditions. The Bank of England's decision to hold interest rates steady indicates their intention to carefully monitor the situation and take necessary actions to ensure stability and growth.