 We decided to keep our key interest rates unchanged. But what does this mean for you? Our past interest rate hikes have made borrowing more expensive, and that is helping to push down inflation. Now we need to ensure that inflation returns to our 2% target. Low and stable inflation helps the economy to grow. Here are three things you need to know about the economy right now. First, the economy is still weak. But as inflation comes down and wages go up, people will have more to spend, and we expect the economy to slowly recover. Second, inflation has fallen further. Energy is much cheaper than a year ago, and food prices are going up as strongly as before. But rising wages are keeping prices high for other goods and services. Third, unemployment is at the slowest level since the start of the euro.