BOE Stands Pat on Interest Rates Amid Inflation Fears

The Bank of England is expected to keep interest rates unchanged at 3.75% on Thursday, despite rising inflation in the UK.

Economists anticipate a majority of the nine-member Monetary Policy Committee will vote to maintain the current rate for the sixth consecutive meeting.

This decision comes as inflation has reached a five-month high due to the ongoing fallout from the Iran war and subsequent fuel price increases.