The Bank of England on Thursday kept its key interest rate at a 16-year high despite slowing UK inflation, opting against a cut before Britain's general election next month. While annual inflation slowed in May to a near three-year low of 2.0 percent, matching the central bank's target, the BoE had been expected to keep the rate at 5.25 percent ahead of the national vote on July 4. 'It's good news that inflation has returned to… target,' Bank of England governor Andrew Bailey said following the regular policy meeting. 'We need to be sure that inflation will stay low and

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