The Bank of England has kept its key interest rate unchanged at 4 percent, ending a series of five consecutive cuts since August last year. The central bank highlighted that inflationary pressures have eased, supported by tight monetary policy, though wage growth remains a key factor. The UK economy is growing slowly, with some labor market slack and spare capacity. Future monetary policy adjustments will depend on the underlying trend of inflation to achieve the 2 percent medium-term target.
The Bank of England (BoE), the UK’s financial regulator, has kept its key interest rate unchanged at 4 percent following its latest policy meeting. The decision was in line with market expectations, Anadolu reported.
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