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Why the Bank of England kept interest rates the same and what could happen next

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Despite the central bank's primary tool for combating inflation being interest rate hikes, the committee chose to maintain the current level

Evening Standard🏁 first to report2 hrs ago

The Bank of England decided to keep rates unchanged at 3.75%, the fifth meeting in a row where rates have been held at this level.

The Bank of England decided to keep rates unchanged at 3.75%, the fifth meeting in a row where rates have been held at this level.