Uk Government Keep The Base Rate At 5.25%

The Bank of England has held interest rates at 5.25% for the fourth time in a row, but cuts are expected later in the year.

Interest rates move up and down in order to control UK inflation, which has come down sharply in recent months, easing cost-of-living pressures.

However, the UK economy has been stagnating amid increased borrowing costs and other pressures.

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