American romance author with Berkley, Sourcebooks, and Harlequin Desire, award-winning writer
The Bank of England has held Bank Rate at 3.75% in a closely watched decision, with six MPC members voting to keep rates unchanged and three seeking a 0.25 percentage point rise. Officials warn that elevated energy prices linked to Middle East tensions are likely to feed inflation in coming months, while inflation has eased to 2.6% in June but remains above target. Markets expect further moves as energy and geopolitical dynamics evolve.
Bank of England has kept the benchmark rate at 3.75% while weighing the energy shock’s impact on inflation. Governor Bailey has cautioned that oil prices may push energy bills higher despite April CPI easing to 2.8%. The Bank’s stance signals caution on future policy moves amid ongoing supply shocks.