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Evening Standard
Evening Standard
Anna Wise

Bank of England holds interest rates at 3.75% but hints at future hikes

Interest Rates Monetary Policy Committee United Kingdom Bank of England Inflation Monetary Policy

The Bank of England has held interest rates at 3.75% but warned that the Middle East energy shock could drive up inflation and lead to a hike in rates.

It said that in a worst-case scenario where oil and gas prices stay higher for a longer amount of time, UK inflation could rise to as much as 6.2%.

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