Bank of England Holds Interest Rates Steady at 5.25%: A Surprise Move

Bank Of England In a surprising turn of events, the Bank of England has decided to keep its interest rates unchanged at 5.25%, defying expectations of a 0.25% hike to 5.5%. This decision marks the first pause in interest rate increases since the central bank initiated the current cycle of hikes back in December 2021.…

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British pound In the world of global finance, currency markets are constantly influenced by a myriad of factors, ranging from economic data to geopolitical events. One such recent event that has sent ripples through the financial world is the surprising decision by the Bank of England (BOE) to halt its cycle of interest rate hikes.…

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