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Bank of England keeps rates at 5.25% in ‘finely balanced’ decision; traders lift bets for August cut

Bank of England keeps rates at 5.25% in 'finely balanced' decision; traders lift bets for August cut

General view of the Bank of England building in London.

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LONDON — The Bank of England on Thursday opted to keep interest rates steady at its June meeting, but described the decision as “finely balanced” after U.K. inflation hit its 2% target.

Money market pricing lifted the prospect of an August rate cut to nearly 50-50 on what investors perceived as subtly dovish messaging.

The central bank’s key rate is…


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