Bank of England Holds Rates Signals Potential Hikes
The Bank of England kept interest rates at 3.75 percent while warning that rising energy costs could prompt rate hikes. Officials predict inflation will top four percent early next year.
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Bank of England kept interest rates at 3.75% on Thursday afternoon while warning that borrowing costs could rise if conflict involving Iran escalates. The Monetary Policy Committee voted 6-3 to hold rates steady, matching economists' forecasts. The decision aligns the United Kingdom central bank with shifting global monetary policies.
