The Bank of England kept the interest rate unchanged at 3.75% and abandoned the plan to sell long-term treasury bond bonds

The Bank of England has kept interest rates unchanged at 3.75% and warned that if the Middle East conflict intensifies and inflationary pressures rise, interest rates may need to be raised. Six interest rate decision-makers voted to keep interest rates unchanged, including Governor Bailey. Bailey stated that the impact of global energy shocks on UK prices and wages is limited, but the longer the volatility lasts, the greater the impact on inflation and the higher the likelihood of raising bank interest rates. At the same time, the Bank of England announced that it would abandon the plan to sell long-term treasury bond bonds and complete the write down of the debt portfolio of 488 billion pounds by September 2034. (Source: Golden Ten Data)