💨 Abstract

The Bank of England is expected to keep interest rates at 4.25% amidst global uncertainty and rising inflation, which reached 3.5% in April. This decision, to be made by the Monetary Policy Committee, affects borrowing costs for loans and mortgages. The higher inflation rate, driven by the cost-of-living crisis and geopolitical tensions, complicates economic predictions.

Courtesy: Noora Mykkanen