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UK Rates Hold Amid Middle East Turmoil | London News
Published 1 day, 20 hours ago
Description
The UK’s Bank of England holds rates steady at 3.75% as Middle East tensions keep inflation from falling, but officials worry rising oil prices could trigger second-round inflation—yet so far, wages and prices remain calm. With a split in the policy committee and signs of a cooling labor market, the Bank is watching closely, ready to act if conflict drags on and threatens growth.
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