Bank of England expected to keep interest rates at 3.75% on Thursday
Renewed conflict in the Middle East has pushed Brent crude oil to almost $100 a barrel, complicating the upcoming decision. Financial analysts anticipate a divided vote from the Monetary Policy Committee, as some members worry about the impact of higher energy bills. Although UK inflation dropped to 2.6% in June, economists warn those rising fuel costs could push it back to 3.5%.
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