24 Hrs
Source:
The Guardian
BoE likely to hold rates as UK unemployment drops
The UK is expected to hold interest rates steady amid economic challenges linked to the Iran war and rising energy costs. The Bank of England is largely anticipated to keep rates at 3.75%, as recent data shows a slight economic contraction and lower inflation, reducing the need for immediate rate hikes. Labour market indicators suggest stability but remain cautious, with falling vacancies and sluggish employment growth indicating continued economic softness.
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