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The recent announcement by the Bank of England to lower the interest rate from 5.25% to 5% represents its first reduction since March 2020 attributed to the impact of the pandemic. The decision supported by a majority within the…
For the first time in nearly three years, the UK’s inflation rate has hit the Bank of England’s target of 2%. Official figures released show that prices rose at an annual rate of 2% in May, down from 2.3% in April. This milestone is seen as a…
The Bank of England’s decision to maintain interest rates at 5.25% reflects cautious optimism amidst ongoing economic fluctuations. Governor Andrew Bailey’s announcement underscores the need for further evidence of sustained price…
