BoE Keeps Rates Steady Amid Inflation Warning

The Bank of England (BoE) announced that it would maintain its interest rates at 0.75% despite warning about a potential surge in inflation.

In a statement, the BoE noted that consumer prices are expected to rise due to various factors, including the recent increase in oil prices and sterling's depreciation.

The central bank emphasized that inflation remains within its target range of 2%, but expressed concerns about the potential for a higher-than-expected rise in prices.