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Bank of England holds interest rates at 4.25 per cent

  • On 20 June 2025, the Bank of England decided to maintain the base interest rate at 4.25%, with six members supporting holding rates steady and three advocating for a reduction.
  • The decision followed rising energy prices linked to escalating Middle East conflict and signs of UK labour market softening.
  • Policymakers emphasized continued high inflation and global uncertainty require a gradual and cautious approach to monetary policy.
  • Governor Andrew Bailey indicated that while interest rates are expected to decrease gradually, their movement is not fixed or predetermined.
  • Economists and traders expect at least two more rate cuts this year, with the next likely at the MPC meeting in August 2025.
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biggleswadetoday.co.ukbiggleswadetoday.co.uk
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Interest rates UK: Bank of England move today could make a mortgage more costly - what it means for your money

The rate decision offers little relief as bills stay high and pressure on households grows 💸

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  • 49% of the sources are Center
49% Center
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regionalmedianews.com broke the news in on Thursday, June 19, 2025.
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