Bank of England Holds Off Hiking Rates Despite Surging Inflation - NewsBreak
By Faria in Business
Updated 2 years ago
The Bank of England has been monitoring a confluence of crucial data points as inflation remains persistently high while economic growth moderates and labor conditions tighten. British inflation slowed unexpectedly in September, rising 3.1% in annual terms, but analysts expect this to be a brief respite for consumers. August's...