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Bank of England holds interest rates amid concerns over inflation and Trump tariffs

Interest rate remains set at 4.5 per cent but there are still expectations of cuts this year



The Bank of England held interest rates at 4.5% due to concerns over rising inflation and trade tensions sparked by potential Trump tariffs. While interest rate cuts are still expected this year, only two are anticipated in 2025. Inflation rose to 3% in January, exceeding expectations.

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