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UK’s Bank of England Holds Rates at 4% as Inflation Seen Peaking
The BOE kept rates unchanged at 4% while flagging that inflation has peaked; U.
The Bank of England held its key interest rate steady at 4% in a narrow 5-4 vote, signalling that inflation may have peaked at around 3.8%. Governor Andrew Bailey indicated that while disinflation is underway, the Bank will wait for more evidence before cutting rates. Meanwhile, U.S. job-cut announcements spiked sharply amid AI-driven restructuring, fueling concerns about the labour market and global growth outlook.