Bank of England Maintains Interest Rates Amid Uncertainty Over Energy Prices
The Bank of England kept interest rates unchanged at 3.75% in its April meeting, citing uncertainty over energy prices due to the Middle East conflict and a softer labor market. The decision was supported by an 8-1 vote, with Huw Pill advocating for a rate increase. Market expectations for future rate hikes remained largely unchanged.
Topics: Bank of England economic outlook inflation interest rates Monetary Policy Committee