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Bank of England holds main interest rate at 3.75% as inflation pressures eases
The Bank of England maintained its main interest rate at 3.7% as inflation eased to 2.8% in May, below initial expectations. The decision followed a U.S.-Iran deal to end their war, which reduced energy price spikes. Two Monetary Policy Committee members advocated a rate hike due to lingering inflationary pressures.
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- Bank of England holds main interest rate at 3.75% as Iran war inflation pressures ease
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