The Bank of England kept the Bank Rate unchanged at 3.75% for a sixth consecutive meeting, as rising energy prices keep inflation above target.

The Bank of England has kept its benchmark interest rate frozen at 3.75 per cent, marking the fifth consecutive meeting borrowing costs remained unchanged.

The Bank of England has paused interest rate cuts, opting to keep the base rate at 3.75 percent to address persistent economic volatility and energy shocks. The decision follows a divided vote from the Monetary Policy Committee as policymakers weigh inflation concerns against a fragile recovery.