
Bank of England keeps rates at 5.25% in ‘finely balanced’ decision; traders increase bets for August cut
General view of the Bank of England building in London. LONDON – The Bank of England announced its decision to keep interest rates steady at its June meeting, but described the move as “finely balanced” following the UK’s achievement of its 2% inflation target. Money market prices had been pointing to a roughly 50% chance of a rate cut in August, as investors had interpreted a subtly dovish message. The central bank's key interest rate stands at 5.25%, its highest level in 16 years, held since August. Seven members of the monetary policy committee voted to keep the rate unchanged,…








