Bank of England keeps base rate steady while hinting at future hikes

The Bank of England has kept its base interest rate unchanged at 3.75 percent amid growing concerns over borrowing costs. Even though the rate was held steady, central bank officials have signaled that a future increase could happen if energy prices remain high. Borrowing costs saw a sharp drop after the bank decided to halt its bond sales programme. Experts and financial observers are now closely watching the ongoing quantitative tightening endgame at the institution to see how policy shifts will unfold.