The Bank of England has kept interest rates stable as inflation rises.

The Bank of England has decided to keep interest rates stable as new data shows inflation increasing to 2.6%. The decision was based on continued uncertainty caused by the UK government’s budget and the election of Donald Trump in the United States. It is, however, generally expected that in the next quarter a rate cut is likely if inflation does not increase.

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https://apnews.com/article/uk-economy-interest-rates-growth-labour-4b3de36773e4ac73afa22b7c6ff8525f