The Bank of England held its Bank Rate at 3.75% in an 8-1 vote, with Governor Bailey warning of forceful hikes if Middle East-driven inflation persists.

The Bank of England voted 8-1 to hold rates at 3.75% on April 30, citing prior tightening. Inflation at 2.8% and energy risks cloud the outlook.

The Bank of England held its Bank Rate at 3.75% in an 8-1 vote, with Governor Bailey warning of forceful hikes if Middle East-driven inflation persists.