Monitorul de Ştiri | Bank of England holds interest rates at 3.75%

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Bank of England holds interest rates at 3.75% - what it means for your money

Petrol

The Bank of England has held its base interest rate at 3.75% amid fears the conflict in the Middle East could drive up UK inflation. Governor Andrew Bailey today said the Bank will "assess how events unfold" in Iran as members of the Monetary Policy Committee voted unanimously to keep rates on hold. Energy costs are now expected to increase this summer off the back of soaring oil and gas prices in recent weeks, due to disruption in the Strait of Hormuz, while petrol and diesel costs have

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