Bank of England Holds Interest Rates at 3.75% Amid Rising UK Inflation and Middle East Conflict Impact
📈 BoE holds interest rates at 3.75% on April 30 despite Middle East conflict. The decision, voted 8-1, comes amid rising energy costs. Inflation rose to 3.3% in March, up from 3% in February. Fuel prices surged, with petrol at 140.2p/litre and diesel at 158.7p/litre. BoE predicts further energy-related inflation impacts. The bank emphasizes monitoring to prevent prolonged inflation, aiming to stabilize at target levels.
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