Bank of England holds main UK interest rate at 4% with inflation above target
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Euronews.com
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The Bank of England maintained its interest rate at 4% due to persistent high inflation, with a split vote among committee members. Inflation rose by 3.8% year-on-year, complicating economic conditions. Experts predict challenges for consumers and investors, particularly in tech and property sectors, as inflation risks overshadow growth concerns. The next rate-setting meeting is in November, but economists are divided on future cuts due to stubborn inflation. Teljes cikk (Euronews.com)