S7/10Economic

BOE Holds Rates, Citing 'Encouraging' Fall in Oil Price

The Bank of England held interest rates at 3.75% as it said the recent fall in oil prices was “encouraging,” even while two policymakers voted for an immediate quarter-point hike over concerns of persistent inflation.

Bloomberg's Lizzy Burden reports. (Source: Bloomberg)

18 Jun 2026, 11:17 UTCSource: Bloomberg MarketsOriginal source

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