The Bank of England leaves interest rates unchanged, warns about inflation

The Bank of England leaves interest rates unchanged, warns about inflation

„Inflation has slowed down faster than we expected, but the conflict in the Middle East continues to cause high and fluctuating energy prices,“ said Andrew Bailey, head of the Bank of England. „Because of this, inflation will accelerate again later this year.“

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Such a decision from the Bank of England was expected after the US central bank (FED) also did not change interest rates on Wednesday, although some policymakers urged to raise them due to rising inflation.

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