UK Holds Interest Rates at 3.75% for Sixth Consecutive Time
The Bank of England kept rates unchanged despite rising inflation, warning they could rise if high energy prices persist, according to a report by BBC.
The Bank of England has held its key interest rate at 3.75% for the sixth consecutive time, according to a report by BBC.
The decision was announced despite rising inflation in the UK economy, BBC reported.
According to the report, the Bank said interest rates are likely to rise if high energy prices continue.
Sources
- UK interest rates held at 3.75% despite rising inflation — BBC Politics
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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