Bank holds UK interest rates steady but says June cut not ‘ruled out’
![Bank holds UK interest rates steady but says June cut not ‘ruled out’](https://static.independent.co.uk/2024/05/09/16/f8b5fb3e23d3a20c37186de4b4f8af3bY29udGVudHNlYXJjaGFwaSwxNzE1MzUzMDM2-2.76114713.jpg?width=1200&auto=webp)
The Bank of England said it was not yet at the point where it can start cutting rates, opting instead to hold them steady at 5.25%.
The Bank of England said it was not yet at the point where it can start cutting rates, opting instead to hold them steady at 5.25%.