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The governor of the Bank expressed criticism regarding email exchanges between Peter Mandelson and Jeffrey Epstein that took place during the financial crisis.
The Bank of England maintained its current borrowing rates, however, it indicated a potential for reductions in the latter part of the year.
The Bank of England has hinted that additional rate reductions may be forthcoming, although the potential for further decreases appears limited.
The Bank of England's established interest rate has a significant impact on the rates applied to mortgages, loans, and savings for a large number of people.
Criticism has been leveled at the Office for Budget Responsibility in the lead-up to this week's Budget, with some characterizing it as restrictive to economic expansion.
