Bank of England keeps interest rates at 5.25% but hints at a June cut

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Bank of England keeps interest rates at 5.25% but hints at a June cut - short news

Policymakers say they want to see more evidence that price pressures are easing before cutting rates

• Business – live

The Bank of England has signalled it could start cutting interest rates as early as June after inflation was found to be “moving in the right direction”, as it kept borrowing costs on hold at 5.25% for the sixth time in a row.

Alongside the decision to keep rates on hold, the Bank said inflation was already on course to hit its target of 2% and..

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source: The Guardian - 09.05.2024