Bank of England holds rates at 3.75% in 6-3 split vote as inflation hits five-month high

What happened

Policymakers keep steady course as jobs market comes under strain and Iran war pushes up energy costs Business live – latest updates The Bank of England has kept interest rates on hold despite growing concern over inflation as the Iran war pushes households into a fresh cost of living crisis. Against a volatile backdrop in global markets as the fighting in the Middle East intensifies, the Bank’s monetary policy comm…

Summary assembled by rule from the sources below

Timeline

1. 11:00
   First appeared on The Guardian WorldGThe Guardian World
2. 11:17
   Euronews started reportingEEuronews
3. 11:32
   Quartz started reportingQQuartz

Sources