BoE Holds Rates at 3.75 Percent Amid Energy Price Risks
The Bank of England kept its benchmark rate at 3.75 percent in an 8-1 vote on Thursday. Policymakers remain divided on future moves as they evaluate the impact of surging energy prices caused by the Middle East conflict.
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The Bank of England (BoE) held interest rates at 3.75% in a split 8-1 vote during its late April meeting. It is the third consecutive pause for the United Kingdom as policymakers assess energy price shocks triggered by the Iran war. For investors, the divide suggests a higher bar for future cuts as the committee weighs three distinct inflation scenarios.
