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BoE freezes rate, rules out cuts any time soon
BoE freezes rate, rules out cuts any time soon
Economy
by  AFP

The Bank of England on Thursday held its key interest rate at 5.25 percent, a day after the Federal Reserve also froze borrowing costs as global inflation retreats. On Wednesday, the Federal Reserve left US interest rates at a 22-year high for a second straight meeting as it moved to slow stubbornly-high inflation without damaging a robust US economy.