
Bank of England holds rates at 3.75% amid rising inflation
The Bank of England has voted to leave interest rates unchanged.
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The Bank's Monetary Policy committee decided to leave rates at 3.75%, at a time when rates are going up around the world as the US-Iran war pushes up energy prices.
The decision was split six votes to three, and the Bank's governor Andrew Bailey warned policy might have to tighten if the Middle East conflict went on for much longer.
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[Subscribe to our Substack newsletter: https://channel4news.substack.com/subscribe]
The Bank's Monetary Policy committee decided to leave rates at 3.75%, at a time when rates are going up around the world as the US-Iran war pushes up energy prices.
The decision was split six votes to three, and the Bank's governor Andrew Bailey warned policy might have to tighten if the Middle East conflict went on for much longer.
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Get more news at our site - https://www.channel4.com/news/
Subscribe to our Substack newsletter: https://channel4news.substack.com/subscribe
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