At its June meeting, the Bank of England held, on June 20, interest rates at 5.25% for the seventh time. Thus, the BOE retained them at their highest level for
![At its June meeting, the Bank of England held interest rates at 5.25% for the 7th time retaining them at their highest level for 16 years.](https://ukinfopedia.com/wp-content/uploads/2024/06/images.jpg)
At its June meeting, the Bank of England held, on June 20, interest rates at 5.25% for the seventh time. Thus, the BOE retained them at their highest level for
The UK’s Foreign exchange reserves play a critical role in the stability and strength of the country’s economy. It cushions against external shocks and helps maintain confidence in the country’s