The Bank of England raised its base rate up 0.25 percentage points to 4.5% in May, which has led to banks and building societies increasing their mortgage rates.
The Fed said the US banking system is "sound and resilient" and that further rises were not ruled out.
New information about inflation in the UK will be released by the Office for National Statistics (ONS) next Wednesday.
LONDON DAILY ARCHIVE
Federal Reserve Holds US Interest Rates After 10 Consecutive Rises, Inflation at 4%
The Federal Reserve has held US interest rates after 10 consecutive rises, following official figures showing US inflation at 4%, less than half the UK's current level of 8.7%.
15 June 2023 · 20:17 UTC
