The Bank of England left its key interest rate unchanged on Thursday but cautioned that there is a risk of material second-round effects from the energy price shock, caused by the war in the Middle East, which could lead to future rate hikes.
The BoE Monetary Policy Committee, led by Governor Andrew Bailey, voted 8-1 to hold the bank rate at 3.75 percent.
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.