AssetID: 55783973
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 interest rates unchanged when policymakers announce their latest decision on Thursday. Analysts predict the benchmark rate will remain at 3.75 percent for a fourth consecutive meeting. The decision comes as officials continue to monitor the economic impact of the conflict involving Iran and its effect on global energy prices. Interest rates are the Bank’s main tool for controlling inflation, which remains above its two percent target. However, the latest figures showed inflation held steady at 2.8 percent in May, lower than many economists had expected. The slowdown was helped by easing food price increases, although transport costs continued to rise. The latest data has strengthened expectations that policymakers will keep rates on hold rather than increase borrowing costs. Instructions: THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT
Keywords: Current Affairs & Politics,Bank of England,expected,hold,interest rates,unchanged,policy makers,latest decision,percent,analysts,predict,benchmark,economic impact,global energy prices,Iran conflict,fuel
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