Bank of England Holds Rates in 7-2 Vote as Oil Outlook Eases

🇬🇧 Bloomberg (GB) —

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The Bank of England held interest rates steady at 3.75%, citing an easing oil price outlook as encouraging despite some policymakers favoring a hike. The decision reflects ongoing concerns about inflation persistence amid evolving energy market conditions.

Bloomberg Economics Anna Andrade joins Scarlet Fu on "Real Yield." The Bank of England held interest rates at 3.75% as it said the recent fall in oil prices was “encouraging,” even while two of the nine policymakers voted for an immediate quarter-point hike over concerns of persistent inflation.  (Source: Bloomberg)

Politics Markets Energy Bank of England interest rates oil prices inflation policy decision UK

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