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Fed and Bank of England steady rates
It is expected that the U.S. Federal Reserve and the Bank of England will maintain their current stance on interest rates during their upcoming meetings; the Federal Reserve is anticipated to keep interest rates steady at their current levels amid ongoing inflation pressures, while the Bank of England is believed to continue holding the rate at 3.75%, despite inflation rising to 2.6% in June. Concerns remain about persistent inflationary pressures due to falling energy prices and geopolitical tensions.
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