Bank of England expected to keep interest rates steady at 5.25% for sixth time – What does this mean for your wallet?
London, England – The Bank of England is expected to maintain interest rates at 5.25% for the sixth consecutive time, as inflation remains above the target at 3.2%. This decision will also include the release of the latest forecasts for inflation and the UK economy. The ongoing debate over economic growth between major political parties has placed a spotlight on the health of the UK economy. Economists anticipate that rates will remain unchanged at the …