MercoPress. South Atlantic News Agency

Bank of England leaves rate unchanged at 4.75%, but inflation is increasing with a no economic growth in 2024

The Bank of England on Thursday left interest rates unchanged at 4.75%, despite an inflation rate that reached an eight-month high, pushed by services and wage increases. However three members of the Bank’s Monetary Policy Committee voted for a rate reduction, while six insisted in keeping them on hold. Read full article