India, Sept. 17 -- The Bank of England left its key interest rate unchanged on Thursday amid limited evidence of second-round effects but further increase in energy prices raises the prospect of a hike in November.
The Monetary Policy Committee, led by Governor Andrew Bailey, voted 6-3 to maintain the bank rate at 3.75 percent, the lowest rate since June 2023. The move was in line with economists' expectations.
MPC members Catherine Mann, Megan Greene and Huw Pill called for a quarter-point hike as they believed that a proactive increase in the bank rate would help anchor inflation expectations.
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