The Bank of England held interest rates at 3.75 per cent today, but warned that surging energy prices could push it to increase the benchmark rate in the coming months.
The Monetary Policy Committee voted to keep the Bank rate at its current level for the sixth meeting in a row, holding firm as other central banks hike rates to combat higher inflation.
There was no change from July’s meeting, with six rate setters voting to keep the benchmark rate at 3.75 per cent and three voting to hike.
But Governor Andrew Bailey warned the Bank might need to raise rates if energy costs
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