UK bank may not change interest rate

Experts are predicting the United Kingdom's central bank — the Bank of England — will leave its benchmark interest rate at 5.25 percent when it holds its monthly review on Thursday.

The bank hiked the rate, which influences the amount people pay for loans, mortgages, and other types of borrowing, 14 consecutive times between December 2021 and September before leaving it unchanged at its October review.

Experts say it will likely be left at 5.25 percent — the highest it has been since before the financial crisis began — because inflation remains stubbornly high.