BoE holds rates at 3.75 percent as war risks fuel inflation
Policymakers voted 9-0 to keep rates at 3.75 percent due to Middle East war risks. The bank warned inflation could reach 3.5 percent as energy prices climb.
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The Bank of England Monetary Policy Committee (MPC) has voted unanimously to maintain borrowing costs at 3.75%, citing persistent inflation risks stemming from conflict in the Middle East. The 9-0 decision in the United Kingdom surprised markets, as many economists had anticipated a split vote with some members favoring a rate hold while others dissented.
