Analysis: Interest rate held at 5.25% for third time by Bank of England

The Bank maintains the view that the cost of borrowing needs to be "restrictive for an extended period of time" as inflation remains way above its target rate - news that hard-pressed households will want to hear.

Thursday 14 December 2023 19:33, UK

The BoE has left interest rates on hold for the third successive meeting, insisting it is determined to keep borrowing costs at 5.25% for some time.
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