Bank of England Keeps Interest Rates Steady at 5%: What This Means for You
The Bank of England has decided to keep interest rates steady at 5%. It means the cost of borrowing money stays the same, helping households manage their budgets. The decision was made after inflation remained above the Bank’s target. Vote Against Lowering Interest Rates The Bank’s Monetary Policy Committee (MPC) voted 8-1 against lowering interest…