Bank of England holds Bank Rate steady at 3.75%
Bank of England kept its key interest rate unchanged, voting 6-3 to maintain the 3.75% Bank Rate; MPC cited limited evidence of second-round effects, while rising energy prices raise the prospect of a November hike.
LONDON (dpa-AFX) - The Bank of England kept its key interest rate unchanged on Thursday, citing limited evidence of second-round effects. However, a further rise in energy prices has increased the prospect of a hike in November. The Monetary Policy Committee, led by Governor Andrew Bailey, voted 6-3 to maintain t…