Bank of England keeps interest rate at 4.25%

The Bank of England has opted to keep the base rate at 4.25%, as most economists had expected. Six rate setters voted to keep the rate the same, while three wanted to cut it by 0.25 percentage points to 4%. Rising food prices and the risk of an oil price surge due to tensions in the Middle East have put pressure on the Bank not to make cuts too quickly. Read more: https://news.sky.com/story/money-interest-rate-personal-finance-consumer-inflation-live-latest-sky-news-13040934 #skynews #money #interestrates #economy #uknews #bankofengland SUBSCRIBE to our YouTube channel for more videos: http://www.youtube.com/skynews Follow us on Twitter: https://twitter.com/skynews Like us on Facebook: https://www.facebook.com/skynews Follow us on Instagram: https://www.instagram.com/skynews Follow us on TikTok: https://www.tiktok.com/@skynews Sky News Daily podcast is available for free here: https://podfollow.com/skynewsdaily/ For more content go to http://news.sky.com and download our apps: Apple https://itunes.apple.com/gb/app/sky-news/id316391924?mt=8 Android https://play.google.com/store/apps/details?id=com.bskyb.skynews.android&hl=en_GB Sky News videos are now available in Spanish here/Los video de Sky News están disponibles en español aquí: https://www.youtube.com/channel/UCzG5BnqHO8oNlrPDW9CYJog To enquire about licensing Sky News content, you can find more information here: https://news.sky.com/info/library-sales