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Day: June 19, 2025

​BoE holds rates at 4.25% amid Middle East uncertainty 

Decision follows data showing UK inflation remains stubbornly above target 

​US weighs risks of Iranian retaliation 

Tehran could target US troops, disrupt oil supplies or carry out cyber attacks or terrorism, warn former Washington officials 

​UK rebuffs Thames Water creditor demands as administration looms 

Bondholders’ rescue plan for utility hinges on waivers from regulations and fines, documents show 

​Swiss central bank cuts rates to zero 

Surge in value of Swiss franc amid US-driven trade war and lagging inflation has complicated policymaking 

​Russia on brink of recession, says economy minister 

Maxim Reshetnikov says persistent inflation and central bank’s hawkish policy contribute to slowdown 

​Putin’s investment forum fails to attract western companies 

Even Russia’s allies send lower-ranking officials and executives to St Petersburg — except Indonesia’s president 

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