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The Bank of England's decision to maintain borrowing costs at 5.25% comes as no surprise, aligning with expectations and mirroring the recent stance of the US Federal Reserve. Both central banks, along with the European Central Bank, are tasked with keeping inflation around 2% over the medium to long-term. The Bank's aggressive rate tightening since August last year aimed to counter soaring inflation levels, which have now begun to recede. The UK's inflation rate has dropped from a peak of 11.1% in October 2022 to 3.2% in March 2024, with...