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Evening Standard
Evening Standard
Politics
Anna Wise

Bank holds UK interest rates at 3.75% and stands ‘ready to act’ over Iran war

Interest Rates United Kingdom Bank of England Inflation Monetary Policy Committee MPC Monetary Policy
The Bank of England has held interest rates at 3.75% (John Walton/PA) - (PA Archive)

The Bank of England has held interest rates at 3.75% as policymakers hiked forecasts for UK inflation due to war in the Middle East pushing up energy prices.

The Bank left rates unchanged in a unanimous vote among all nine members of its Monetary Policy Committee (MPC).

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