London, Dec 19, 2024 (AFP) - BoE holds interest rate after inflation rise

NAMPA / AFP

2024-12-19

The Bank of England on Thursday kept its key interest rate at 4.75 percent, deciding against a cut in line with the US Federal Reserve, as UK inflation rises again. "We've held interest rates today following the two cuts since the summer," BoE governor Andrew Bailey said in a statement. "We need to make sure we meet the two-percent inflation target on a sustained basis," he added after data this week showed UK annual inflation at 2.6 percent. bcp......

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