Bank of England keeps key rate at 3.75% for the fifth time this year

The Bank of England maintained its key interest rate at 3.75% for the fifth consecutive month, citing a larger-than-expected drop in inflation to 2.6% and uncertainty over the economic impact of renewed conflict in Iran. A 6-3 split decision highlighted internal tensions, with three policymakers advocating for a rate hike to 4% due to concerns about energy price surges and potential inflationary pressures.