BusinessBBC NewsA2
Interest rates expected to be held again by Bank of England
The Bank of England is not changing interest rates again. This is the fifth time in a row. The rate is 3.75%. This is the lowest since February 2023.
Interest rates are important. They affect how much money people and businesses can borrow. When rates are low, borrowing is cheaper. This can help the economy. But if rates are too low for too long, it can cause problems. The Bank of England is careful about this.
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