UK interest rates held at 3.75% as Bank cuts growth outlook

NAMPA / DPA

2026-02-05

London (PA Media/dpa) - UK interest rates have been held at 3.75% as the Bank of England said the economy will grow at a slower rate than previously thought, and unemployment will worsen. The central bank said on Thursday it was keeping rates unchanged to make sure that inflation stays around its target level of 2%. New forecasts from the Bank's Monetary Policy Committee (MPC) show the rate of Consumer Prices Index (CPI) inflation dropping to the......

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