Bank of England Holds Rates in 7-2 Vote as Oil Outlook Eases (opens original article in a new tab)

Bank of England kept interest rates at 3.75% in a 7-2 vote, citing easing oil prices as encouraging despite some policymakers' concerns about inflation.

• Bank of England held interest rates at 3.75%
• Seven members voted to maintain rates while two wanted a quarter-point hike
• Recent oil price decline was described as 'encouraging' by the central bank
• Two policymakers expressed concerns about persistent inflationary pressures