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Bank of England keeps rates at 3.75%

Bank of England keeps rates at 3.75%

The Bank of England decided to keep interest rates at 3.75% for the fourth successive time, in a move aligned with the policy adopted by the Federal Reserve to combat inflation. This came after UK labor market data showed wage growth of 3.4% over the three months up to April, while the unemployment rate stood at 4.9%.

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