Category: Economy
Bank of England Maintains 5.25% Interest Rate Amid Pre-Election Uncertainty
Ahead of the UK's July 4 election, the Bank of England has kept its main interest rate at a 16-year high of 5.25%. Despite hitting the inflation target of 2%, the decision was driven by the need for sustained low inflation and current economic indicators. This comes as markets predict a future rate cut and the political landscape remains turbulent.
