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Coverage dated June 18, 2024 to June 19, 2024

Bank of England holds interest rates steady despite inflation easing to 2% target

Headline from NBC New York, on the newest of 2 developments

It keeps the central bank’s key rate at a 16-year high of 5.25%, where it has been held since August 2023.

NBC New York's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.

Developments in this update

2 dated developments, oldest first, newest marked. Each is named by one outlet's own headline; open its reports to see every outlet that covered it.

  1. Interest Rates & Inflation: Prices Rising At Bank Target Of 2% But Little Hope Of Rate Cut

    Headline from Forbes ·

  2. Newest

    Bank of England holds interest rates steady despite inflation easing to 2% target

    Headline from NBC New York ·

Read the reports

Reports & sources

10 articles, oldest first.

  1. Forbes

    Interest Rates & Inflation: Prices Rising At Bank Target Of 2% But Little Hope Of Rate Cut (opens Forbes)

    Published

    Forbes's feed description

    19 June: Bank Of England Expected To Hold Borrowing Costs At 5.25% Annual inflation fell to 2% in the year to May 2024, its lowest level since July 2021

  2. NBC New York

    Bank of England set to hold interest rates despite inflation hitting 2% target (opens NBC New York)

    Published

    NBC New York's feed description

    Services inflation and wage growth both remain significantly above the level desired by monetary policymakets.

  3. NBC New York

    Bank of England holds interest rates steady despite inflation easing to 2% target (opens NBC New York)

    Published

    NBC New York's feed description

    It keeps the central bank’s key rate at a 16-year high of 5.25%, where it has been held since August 2023.

  4. WHEC Rochester

    Bank of England expected to keep main interest rate at 16-year high of 5.25% despite inflation fall (opens WHEC Rochester)

    Published

    WHEC Rochester's feed description

    LONDON (AP) — Any hopes the governing Conservative Party may have of the Bank of England cutting its main interest rate from a 16-year high of 5.25% Thursday are expected to be dashed — even though inflation in the U.K. has fallen to its target rate for the first time in nearly three years.

  5. New York Times

    Bank of England Holds Rates Steady, Despite Slower Inflation (opens New York Times)

    Published

    New York Times's feed description

    Officials kept rates at their highest level since 2008 for a seventh consecutive meeting, even as inflation dipped to 2 percent in May.

  6. Minneapolis Star Tribune

    Bank of England keeps main interest rate at 16-year high of 5.25% despite inflation fall (opens Minneapolis Star Tribune)

    Published

    Minneapolis Star Tribune's feed description

    The Bank of England on Thursday kept its main interest rate at a 16-year high of 5.25%, even though inflation has fallen to its target of 2%.

Identical headlines usually mean shared wire copy. They are counted as separate articles but are not independent confirmation.