AssetID: 55888512
Headline: UNCAPTIONED: Bank Of England Expected To Hold Interest Rates
Caption: Bank Of England Expected To Hold Interest Rates. The Bank of England is widely expected to leave UK interest rates unchanged at 3.75% when policymakers announce their latest decision. Analysts believe ongoing uncertainty over the global economy and the conflict in the Middle East will encourage the Bank to maintain its cautious approach. Interest rates play a key role in determining the cost of mortgages and loans, as well as returns for savers. Although inflation eased slightly to 2.6% in June, it remains above the Bank's target and is expected to rise again following higher household energy bills. Many economists now believe interest rates are likely to remain unchanged for the foreseeable future, with the next move potentially being an increase. Instructions: THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT
Keywords: Current Affairs & Politics,Bank of England,UK interest rates,unchanged,3.75%,policymakers,announce,conflict,Middle East,cautious approach,ongoing,uncertainty,eased,target,household energy bills,rise
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