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Bank of England holds main UK interest rate at 4% with inflation above target
- The Bank of England has decided to keep the main interest rate at 4% as inflation concerns persist, according to the MPC's latest meeting results.
- A majority of 7-2 voted to maintain the rate, with two members favoring a reduction to 3.75%.
- Inflation remains high, with the ONS reporting a consumer price inflation of 3.8% in August, well above the 2% target.
- Analysts predict that interest rates will remain steady for at least six months, with potential future cuts as inflation is expected to fluctuate.
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Money blog: Bank of England announces interest rate decision - and it's bad news for mortgage holders
Today in Money, we're covering the Bank of England's decision to hold the interest rate at 4% - follow live to find out what it means for you. You'll also find the best inflation-busting savings accounts.
·United Kingdom
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Total News Sources31
Leaning Left6Leaning Right6Center11Last UpdatedBias Distribution48% Center
Bias Distribution
- 48% of the sources are Center
48% Center
L 26%
C 48%
R 26%
Factuality
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