bank of england

Interest rates are expected to be held at 3.75% by the Bank of England, with uncertainty dominating the UK and global economies. Analysts are widely predicting the benchmark rate will be left unchanged owing to strong signals from the Bank that it will take time to assess the impact of conflict in the Middle East on the economy and the cost of living. The base rate is the Bank's primary tool in controlling inflation, which charts the annual rise in prices of goods and services. The rate of inflation remains above the 2% target, at 3.3%, but a cautious approach by the rate-setting committee at