Bank of England Holds Interest Rates Steady Amid Easing Inflation

The Bank of England's Monetary Policy Committee voted to maintain the key interest rate at 3.75%, a decision largely anticipated by markets. This stability comes as inflation pressures on the British economy have become more benign, with May's inflation figures holding at 2.8%. The easing is partly attributed to a U.S.-Iran peace agreement, which has contributed to a fall in energy prices.