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Bank of England leaves interest rates on hold at 3.75%

30.04.2026 14:01 | The Guardian World

Decision not to change rate comes despite signs inflation is rising amid the Iran war’s effects on fuel pricesThe Bank of England has left interest rates unchanged at 3.75% but warned that the UK should brace for hikes later this year, as “higher inflation is unavoidable” as a result of the war in the Middle East.The Bank’s rate-setting monetary policy committee (MPC) voted to leave borrowing costs on hold on Thursday, with its nine-member committee split 8-1 in their decision. Continue reading...

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