Bank of England Keeps Rate at 3.75% Amid Energy‑Cost Warning

The Bank of England kept its base interest rate at 3.75% and warned that persistent high energy costs could push rates higher later. The decision was taken as inflation pressures remain, especially from energy price swings. The governor said the energy outlook is a key risk that may force a future increase. Keeping the rate unchanged means borrowing costs for households and businesses stay the same for now. Mortgage and loan rates are unlikely to change immediately, but the warning signals that the next policy meeting could see a hike if energy prices stay elevated. Analysts noted the hold was expected, but the governor’s comment highlighted that the bank is ready to act should inflation re‑ignite from energy pressures.