BOE Holds Rates, Citing 'Encouraging' Fall in Oil Price

🇬🇧 Bloomberg (GB) —

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The Bank of England has maintained interest rates at 3.75%, highlighting the recent encouraging drop in oil prices. Despite this, two policymakers supported a quarter-point hike due to inflation concerns.

The Bank of England held interest rates at 3.75% as it said the recent fall in oil prices was “encouraging,” even while two policymakers voted for an immediate quarter-point hike over concerns of persistent inflation. Bloomberg's Lizzy Burden reports. (Source: Bloomberg)

Politics Markets Commodities Energy Bank of England interest rates oil prices inflation policymakers UK economy

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