Bank of England Keeps Rates Steady Amid Inflation

Bank of England maintains interest rate at 4%, citing cautious approach due to persistent inflation and global uncertainties. Governor Bailey votes against cut, preferring to monitor trends before making changes. Slower job market and potential interest rate cuts in the future hint at economic challenges ahead.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.