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...

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...

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.

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

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

Seventh consecutive freeze comes despite fall in rate of inflation to 2% target last month