The Bank of England decided to keep its main policy rate at 3.75%. The decision maintains the current monetary policy stance at a time when inflation continues to weigh on the British central bank’s decisions.

Uncertainty surrounding energy prices, linked to the situation in the Middle East, was also taken into account. This context makes it more difficult to anticipate cost developments and calls for caution in setting the future course of interest rates.

Holding the rate will be relevant to households, businesses and financial markets in the United Kingdom. Future decisions will depend on the path of inflation and on how external risks affect the British economy.

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