July 20, 2024

Brighton Journal

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Bank of England interest rate decision June 2024

Bank of England interest rate decision June 2024

General view of the Bank of England building in London.

soba pictures | Rocket Lite | Getty Images

LONDON – The Bank of England on Thursday chose to hold interest rates steady at its June meeting, confirming market expectations even after UK inflation reached its 2% target.

It keeps the central bank’s key interest rate at a level 16 years Up 5.25%, where it has been held since August 2023.