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Evening Standard
Evening Standard
Politics
Anna Wise

Interest rates: Why did the Bank stick to 3.75% and what does it mean?

The base interest rate helps dictate how expensive it is to take out a mortgage or a loan (Dominic Lipinski/PA) - (PA Archive)

The Bank of England has held interest rates at 3.75%, saying that it needed to keep inflation under control.

It followed a split vote among the rate-setting committee, with five members voting to keep rates unchanged and four preferring a cut.

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