India, June 18 -- The Bank of England left its key interest rate unchanged on Thursday as inflation slowed unexpectedly and unemployment declined, and US-Iran peace deal eased inflation fears.
The Monetary Policy Committee, led by Governor Andrew Bailey, voted 7-2 to hold the bank rate at 3.75 percent, which is the lowest rate since June 2023.
Previously, the central bank had reduced the rate by 25 basis points each in August and November last year.
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