The Bank also expects the economy to grow more than previously forecast this year, although uncertainties remain because of the Iran war.
The Bank of England's Monetary Policy Committee voted six-three in favor of keeping interest rates on hold at 3. 75%. UK officials sought to balance the threat from US-Iran tensions against signs that domestic price pressures are easing more quickly than expected.
Developing story — details emerging. Check the source link for the latest updates.
Developing story — details emerging. Check the source link for the latest updates.
Developing story — details emerging. Check the source link for the latest updates.
Developing story — details emerging. Check the source link for the latest updates.