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Evening Standard
Evening Standard
Anna Wise

Bank of England holds interest rates but hints at possible hikes

Bank of England MPC Interest Rates Andrew Bailey Inflation Monetary Policy Committee United Kingdom Monetary Policy the Middle East Oil
Andrew Bailey said the impact of the conflict in the Middle East can already see that at the petrol pump (Carl Court/PA) - (PA Wire)

UK interest rates have been held at 3.75% but the Bank of England has signalled it was ready to raise borrowing costs should war in the Middle East keep energy prices elevated.

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

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