Bank of England Holds Interest Rate at 3.75% Amid Rising Inflation Risks
Three policymakers voted for a quarter-point hike as energy-driven price pressures persist, according to Anadolu Agency.
The Bank of England kept its benchmark interest rate unchanged at 3.75%, according to a report by Anadolu Agency.
The decision came even as inflation risks in the economy appeared to be rising, the report said.
Anadolu Agency reported that three policymakers on the Bank's rate-setting committee voted in favor of a quarter-point increase, citing energy-driven price pressures.
The report did not provide further details on the overall vote count or the reasoning of the majority who supported holding the rate steady.
Further details on the decision were not immediately available.
Sources
- Bank of England holds interest rate at 3.75% as inflation risks rise — Anadolu Agency (Turkey)
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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