Bank of England holds interest rates steady despite inflation easing to 2% target

Bank of England holds interest rates steady despite inflation easing to 2% target

General view of the Bank Of England building in London. 

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LONDON — The Bank of England on Thursday opted to keep interest rates steady at its June meeting, confirming market expectations even after U.K. inflation hit its 2% target.

It keeps the central bank’s key rate at a 16-year high of 5.25%, where it has been held since August 2023.

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