Bank of England Holds Interest Rate Amid Inflation Worries
The Bank of England has maintained its main interest rate at 3.75% despite rising inflationary pressures caused by the Iran war fallout.
This decision was widely anticipated, with six members of the Monetary Policy Committee voting to keep rates unchanged and three backing a quarter-point increase to 4%.
The Bank of England's decision indicates that it may raise interest rates soon to dampen inflationary pressures.