Bank of England holds interest rates at 3.75% despite rising inflation

Policymakers keep steady course as jobs market comes under strain and Iran war pushes up energy costsBusiness live – latest updatesThe Bank of England has kept interest rates on hold despite growing concern over inflation as the Iran war pushes households into a fresh cost of living crisis.Against a volatile backdrop in global markets as the fighting in the Middle East intensifies, the Bank’s monetary policy committee (MPC) voted to keep its key base rate at 3.75%. Continue reading...