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Evening Standard

Henry Saker-Clark

Why did the Bank keep interest rates the same despite rising inflation?

Inflation Interest Rates Bank of England Monetary Policy Committee Monetary Policy MPC Oil

The Bank of England voted to hold interest rates at 3.75% on Thursday (Jordan Pettitt/PA) - (PA Wire)

The Bank of England has kept interest rates on hold but signalled that the crisis in the Middle East could lead to future increases.

A large majority of policymakers opted to keep interest rates at 3.75% at the Monetary Policy Committee (MPC) meeting on Thursday.

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