Bank of England Maintains its Bank Rate at 3.75% Following MPC Decision - Tekedia

The Bank of England kept its Bank Rate unchanged at 3.75% after an 8-1 MPC vote, in line with market expectations.

One MPC member voted for a hike, while officials said inflation remains above target and may rise further.

The Bank linked the outlook to higher energy risks from the Middle East conflict, including potential oil and gas shocks.

The decision leaves borrowing costs unchanged for UK households and businesses, but signals rates may stay elevated longer.