Britain's unexpected inflation held steady in May, supporting the Bank of England's decision to "stand pat" this week.

The Zhixingtou Finance APP has learned that inflation in the UK unexpectedly remained stable in May, indicating that before the ceasefire agreement between the US and Iran led to a sharp drop in oil prices, pressure on price increases was lower than previous market concerns levels. The UK National Statistics Office announced on Wednesday that the Consumer Price Index (CPI) rose by 2.8% year-on-year in May, unchanged from April and lower than the economists' previous expectation of 3%.