Bank of England monetary policy decisions
The developments in this story so far, most recent first.
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· Milestone
Bank of England holds interest rates at 3.75% as inflation risks rise
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· date approximate · Background
UK inflation reached a peak of 3.8%.
UK inflation peaked at 3.8% last year before falling to 2.6% in June, according to data cited in the Bank of England's monetary policy deliberations.
The decline from the peak was noted in the context of the Bank's assessment of inflation trends and policy decisions.