British Inflation Holds at 13-Month Low Ahead of Bank of England Interest Rates Decision

The UK recorded an inflation increase of 2.8 percent for May, staying at the same rate as April.

The Bank of England building in London on Feb. 3, 2025. Toby Melville/Reuters

British inflation held at 2.8 percent for May, unchanged from the 13-month low in April, official figures showed on June 17.

The unexpected hold comes a day before the Bank of England is set to announce its next interest rate decision, having earlier kept interest rates on hold on April 30, waiting to see the economic impact of the war in Iran.