Bank of England Holds Interest Rates at 3.75%
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The Bank of England's Monetary Policy Committee voted 6-3 to keep the key interest rate unchanged at 3.75%. The decision was influenced by global uncertainties and domestic inflation outlook. While three members supported a rate hike due to persistent inflation risks, the majority maintained the current rate to ensure stability for variable-rate mortgages and loans. The Bank expects inflation to peak at 3.2% in Q4 before returning to target in early 2028.
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