The Bank of England held interest rates at 3.75 per cent today despite other central banks raising rates following the inflation shock caused by the Iran war.

New inflation data has reinforced expectations that policymakers will not need to increase interest rates at the next announcement on Thursday.

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