Bank of England retains rate of interest at 4.25%
The Bank of England has opted to maintain the bottom fee at 4.25%, as most economists had anticipated.
Six fee setters voted to maintain the speed the identical, whereas three needed to chop it by 0.25 proportion factors to 4%.
Rising meals costs and the danger of an oil value surge as a consequence of tensions within the Middle East have put stress on the Bank to not make cuts too shortly.
Read extra: https://news.sky.com/story/money-interest-rate-personal-finance-consumer-inflation-live-latest-sky-news-13040934
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