The Bank of England will likely keep interest rates unchanged on Thursday in a closely contested decision that would end a run of quarterly reductions. Markets and economists expect the UK central bank to hold the benchmark rate at 4%, slowing the gradual once-a-quarter pace to cuts it has maintained since August 2024. It will announce the decision at 12 p.m. in London, followed by a press conference led by Governor Andrew Bailey half an hour later. Bloomberg’s Lizzy Burden reports. (Source: Bloomberg)
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BOE Decision: Interest Rates Expected to Stay on Hold
