The Bank of England announced on Thursday that it will keep its benchmark interest rate unchanged at 3.75 percent. This move was anticipated by most market analysts following the central bank’s previous decision to lower the rate by 25 basis points.
The decision reflects the Bank of England’s current assessment of economic conditions and its efforts to balance inflation control with economic growth.
**Why this matters**
Interest rates influence borrowing costs for consumers and businesses, affecting spending and investment decisions. By maintaining the rate at 3.75 percent, the Bank of England signals a cautious approach to managing inflation while supporting economic stability.
Source: NewsData