The Bank of England kept its benchmark interest rate unchanged at 3.75% and outlined three economic scenarios for the UK, with its central forecast projecting inflation to fall below the 2% target over the medium term as economic growth gradually strengthens.

A number of economists have predicted another seven-to-two vote in favour of holding the current rate.

The Bank of England is expected to hold its benchmark interest rate at 3.75% as policymakers assess inflation risks from geopolitical tensions, energy prices and a slowing labour…

In a move consistent with expectations, the Bank of England has kept interest rates steady at 3.75 percent. They noted domestic conditions are helping to alleviate inflationary…

The Bank of England decided to keep its benchmark interest rate steady at 3.75 percent. However, three policymakers have pushed for a possible hike amid rising tensions in the…