Bank of England holds at 3.75% as UK inflation steadies at 2.8%
The BoE kept rates unchanged with inflation broadly stable.
O
Oneonomy Admin
The Bank of England held its base rate at 3.75% as annual UK inflation held at 2.8% in May.
What's happening
Stable inflation gives the BoE room to wait.
The hold contrasts with tightening elsewhere.
Why it matters
The UK's steadier inflation buys the bank optionality.
Tags
Central BanksBank of EnglandUK