The Bank of England maintains the interest rate at 3.75%: two hawkish officials advocate for a rate hike, Governor Bailey says that the current "wait-and-see" stance is already tightening.

Zhtng cijng APP noted that the Bank of England kept the interest rate unchanged at 3.75% and described the recent drop in oil prices as "encouraging", although two policy makers voted to immediately raise the rate by 25 basis points due to concerns about persistent inflation.