Bank of England holds rates at 3.75 percent amid war risks
The Bank of England held rates at 3.75 percent on Thursday. Governor Andrew Bailey called it an active hold and warned that energy shocks could require hikes.
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The Bank of England held interest rates at 3.75% on April 30, while Governor Andrew Bailey warned of potential hikes if energy costs spike. This "active hold" follows escalating conflict in the Middle East, which threatens to disrupt global energy supplies and domestic inflation targets. Bailey emphasized that the decision reflects a deliberate, data-dependent approach rather than signaling imminent rate increases in the United Kingdom.
