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The Independent UK
The Independent UK
Business
Anna Wise

Bank of England holds interest rates at 3.75% but says inflation still to rise

The Bank of England has held interest rates at 3.75% (John Walton/PA) - (PA Archive)

The Bank of England has held interest rates at 3.75% as it cautioned that the cost of living was still set to rise this year because of the fallout from the Iran war.

Policymakers nonetheless said that a recent fall in energy prices meant it was no longer expecting inflation to go as high as it was in April.

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