Bank of England kept its policy rate at 3.75% in line with expectations. The MPC said renewed Middle East conflict could lift energy prices and rekindle inflationary pressure, and warned sustained energy-supply disruption may weigh on growth while broadening domestic price pressures. UK inflation has run below forecasts recently and activity remains relatively resilient. The decision came after the Fed held rates — with 3 of 12 voting members favoring an immediate hike — while the ECB also left

Bank of England kept its policy rate at 3.75% in line with expectations. The MPC said renewed Middle East conflict could lift energy prices and rekindle inflationary pressure, and warned sustained energy-supply disruption may weigh on growth while broadening domestic price pressures. UK inflation has run below forecasts recently and activity remains relatively resilient. The decision came after the Fed held rates — with 3 of 12 voting members favoring an immediate hike — while the ECB also left rates unchanged earlier this month but signalled a possible September increase.