India, June 19 -- The Bank of England maintained its interest rate on Thursday after cutting it by a quarter-point last month.
The Monetary Policy Committee voted 6-3 to hold the Bank Rate at 4.25 percent. Three members preferred to reduce the rate by 25 basis points.
The BoE has reduced the rate four times since last August.
A majority of members said disinflationary progress had continued, but there was not a strong case for a further easing of monetary policy at this meeting.
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Inflation is likely to stay around 3.5 percent over the second half of 2025 before falling back towards the 2 percent target from next year.
"Given the outlook, and continued ...