Bank of England Holds Interest Rates Amid Global Uncertainty
The Bank of England maintained its interest rate at 4.25%, citing geopolitical unpredictability. Tensions in the Middle East and uncertainty concerning US tariff policies influenced the decision. Despite inflation concerns, the bank anticipates a future rate cut in August as economic conditions evolve.
- Country:
- United Kingdom
The Bank of England decided on Thursday to keep the interest rate unchanged at 4.25%, in light of the unpredictable geopolitical environment.
The decision reflects concerns over Middle East tensions, particularly between Israel and Iran, as well as uncertainties surrounding US President Donald Trump's tariff agenda.
While a rate cut is expected in August, the situation could change as international economic dynamics evolve, the bank warns.
(With inputs from agencies.)
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