Bank of England expected to keep main interest rate at 16-year high of 5.25% despite inflation fall

LONDON (AP) — Any hopes the governing Conservative Party may have of the Bank of England cutting its main interest rate from a 16-year high of 5.25% Thursday are expected to be dashed — even though inflation in the U.K. has fallen to its target rate for the first time in nearly three years. Official […] Read The Rest at :