Policymakers nonetheless said that a recent fall in energy prices meant it was no longer expecting inflation to go as high as it was in April.

The Bank of England is expected to hold interest rates at 3.75% on June 18 as UK inflation at 2.8% remains above its 2% target amid geopolitical

The Bank of England is holding its main interest rate at 3.7% as the inflation pressures on the British economy have become more benign after the U.S. and Iran signed a deal to…

The base rate has remained at 3.75 per cent since just before Christmas last year