Bank of England Leaves Key Interest Rate Unchanged

By Paul Hannon

LONDON--The Bank of England left its key interest rate unchanged for the first time since November 2021 amid signs that inflation is cooling and the U.K.'s economy is teetering on the brink of contraction.

The BOE's decision to keep its benchmark rate at 5.25% leaves it out of step with a number of other European central banks that have continued to raise their key rates at recent meetings of policy makers.

Write to Paul Hannon at [e-mail]

(END) Dow Jones Newswires

09-21-23 0717ET