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Evening Standard

Business

Anna Wise

Why have interest rates stayed the same and what could happen next?

Interest Rates Inflation Bank of England ING Huw Pill Megan Green MPC United Kingdom

The Bank of England decided to keep rates unchanged at 3.75% on Thursday (Jordan Pettitt/PA) - (PA Wire)

The Bank of England has kept interest rates unchanged at 3.75% in its latest decision on Thursday.

The Bank said it had made this decision after weighing up the different risks to the UK economy, especially the fallout of the Iran war on inflation.

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