Bank of England Holds Interest Rates at 3.75% as Policymakers Signal Cautious Stance on Inflation Risks
The Bank of England’s Monetary Policy Committee voted seven to two to keep interest rates unchanged at 3.75%, citing inflation at 2.8% and signs of a softening labour market. Policymakers said they remain alert to geopolitical risks, particularly potential spillovers from Middle East tensions that could feed persistent inflation pressures.