Bank of England holds base rate at 5% amid persistent inflation pressures
The Monetary Policy Committee maintained a cautious stance as persistent UK core inflation and wage growth continued to complicate financial market expectations of monetary easing.
AI editorial satire: a Bank of England official checks that an enormous brass 5% weight is perfectly level. Beneath it, a shopper’s purse is squashed flat against the counter. The shopper tries to retrieve it while an inflation gauge remains in the red behind the official.
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