The Bank of England on Thursday kept its main interest rate at a 16-year high of 5.25%, even though inflation has fallen to its target of 2%.

MPC deals a blow to Rishi Sunak but leaves door open to post-election cut

The annual pace of inflation hit a six-month high in May, lowering the chance of an interest rate cut before the end of the year.

LONDON (AP) — The Bank of England on Thursday kept its main interest rate at a 16-year high of 5.25% even though inflation has fallen to its target...

The allegations are another hammer blow for the 14-year-old government that polls predict is facing a catastrophic defeat on July 4.

Even in a terrible year for incumbents and ruling parties across the globe, Prime Minister Rishi Sunak and Britain's long-dominant Conservatives stand...

Inflation in Britain might finally have fallen in the target range but the Bank of England has held its main interest rate at a 16-year high of 5.25...

May's data showed services price inflation - which the BoE thinks gives a better picture of medium-term inflation risks - was 5.7%.

The Bank of England on Thursday kept its main interest rate at a 16-year high of 5.25 per cent even though inflation has fallen to its target of 2.0...

South Africa's sluggish economic growth, sky-high unemployment, and persistent inflation rates have painted a picture of stagflation.