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Bank of England likely to keep interest rates
The Bank of England is expected to hold interest rates steady at 3.75% amid easing inflation data and easing fears related to the US-Israel conflict with Iran. UK inflation remained at 2.8% in May, with slower food price increases and rising transport costs, suggesting no immediate rate hikes. However, energy prices are expected to increase after the July Ofgem price cap rise, potentially leading to higher inflation later in the year.
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