Bank of England to keep rates at 16-year high before UK election

Britain’s central bank looks on course to hold interest rates at a 16-year high of 5.25% on Thursday as underlying inflation pressures prove persistent, depriving Prime Minister Rishi Sunak of a much-needed boost ahead of a July 4 election.

https://www.reuters.com/markets/rates-bonds/bank-england-keep-rates-16-year-high-before-uk-election-2024-06-20/