The Guardian Australia – Business
·business
·1 day ago
UK inflation holds at 2.8% amid rising fuel prices from conflict
UK inflation remained steady at 2.8% in May, defying expectations of a rise to 3%. The uniform rate came despite rising fuel prices linked to the ongoing conflict in Iran, which has affected energy costs significantly. The Bank of England is expected to maintain interest rates at 3.75% while evaluating the situation.
Summary by OZbrief · The Guardian Australia – Business
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