The Bank of England maintains 4.25 % amid uncertainty in the Middle East

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The Bank of England won interest rates at 4.25 percent, in a wide expected decision after new data this week showed that inflation in the UK remained above its goal.

The decision of the Monetary Policy Committee was followed after the Bank of England reduced in May, amid concerns about the impact of the aggressive tariff policy of US President Donald Trump.

“The interest rates remain on the path of a gradual decline, although we left it hanging today,” said Andrew Billy, Governor of Engel Bank.

“The world is very unpredictable,” Billy added. “In the United Kingdom, we see signs of softening in the labor market. We will carefully search for the extent of feeding these signs for consumer’s inflation.”

Deputy Governor Dave Ramsden joined the external members Swati Dengra and Alan Taylor in calling for a reduction in more cuts to 4 percent.

The announcement of Thursday came when politicians face the additional uncertainty represented by the escalating conflict between Israel and Iran, and its potential impact on oil prices.

Earlier this week, data from the UK National Statistics Office showed In May 3.4 percentBOE 2 percent higher.

The pound was not largely affected against the dollar at $ 1.341 after the decision.

This is a developing story