The Bank of England has opted to keep the base rate at 4.25%, as most economists had expected.
Six rate setters voted to keep the rate the same, while three wanted to cut it by 0.25 percentage points to 4%.
Rising food prices and the risk of an oil price surge due to tensions in the Middle East have put pressure on the Bank not to make cuts too quickly.
Read more: https://news.sky.com/story/money-interest-rate-personal-finance-consumer-inflation-live-latest-sky-news-13040934
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