Economy
Bank of England holds rates at 5.25%
Decision comes despite ‘encouraging signs’ inflation is easing
Bank of England has held interest rates at 5.25 per cent.
The decision comes despite UK inflation cooler quicker than expected last month, with prices growing 3.4 per cent - the lowest rate in two and a half years.
Bank of England governor Andrew Bailey said: “In recent weeks we’ve seen further encouraging signs that inflation is coming down.
“We’ve held rates again today at 5.25 per cent because we need to be sure that ...