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2026-07-30T11:38:37.116Z

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Bank of England maintains rates amid inflation risks

Bank of England maintains rates amid inflation risks

The Bank of England kept interest rates at 3.75%, despite some members voting for a quarter-point hike. This comes amid a divergence between ongoing inflation and declining domestic pressures. The bank pointed to signs of a decrease in internal inflation but emphasized that the evidence of the energy shock's impact on prices and wages remains limited so far. Officials remain ready to act if inflationary pressures persist or if the war concludes, amid ongoing global uncertainty.

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