Bank of England keeps rate steady despite low inflation

By Pan Pylas
Updated June 20 2024 - 9:45pm, first published 9:42pm
Policymakers feared underlying inflation measures could be rise further if rates were cut too soon. (AP PHOTO)
Policymakers feared underlying inflation measures could be rise further if rates were cut too soon. (AP PHOTO)

The Bank of England has kept its main interest rate at a 16-year high of 5.25 per cent, even though inflation has fallen to its target of two per cent.

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