The Bank of England on Thursday kept its key interest rate at 4.75 percent, deciding against a cut in line with the US Federal Reserve, as UK inflation rises again.

The U.K.’s annual rate of inflation rose further above the BOE’s target, increasing the likelihood that policymakers will opt to hold rates in place this week, despite a struggling economy.

For most of the UK’s inflation shock over the past two years, Bank of England policy reacted to swings in wage and prices data. Now it’s leaning much more prominently on its own forecasts.

The Bank of England is poised to keep interest rates on hold after inflation surged to an eight-month high and households were told to brace for further price rises. Hopes that the Bank could ...

LONDON (AP) — The U.K.’s central bank warned Thursday of “heightened uncertainty" as it kept interest rates on hold after inflation moved further above target, even at a time when the British economy is flatlining at best.

Inflation in the U.K. has risen to its highest level since March, driven by an increase in fuel prices last month.

Economists widely expected a rate hold at the December meeting, as policymakers remain concerned with stubborn services inflation and wage growth.

Bank of England policymakers split over whether to cut interest rates on Thursday with more officials than expected seeking to help the slowing economy with lower borrowing costs despite lingering inflation pressure.

Bank of England decision due after surprise inflation rise - The Office for National Statistics revealed that inflation had risen to 2.6 per cent from 2.3 per cent, pushed higher by pricier petrol and

The central bank left its main interest rate unchanged at 4.75%, but policymakers were divided over whether rate cuts were needed to tackle a slowing economy.

On Thursday, the Bank of England held interest rates at 4.75 percent. A day earlier, data showed that inflation accelerated to 2.6 percent in November, from 2.3 percent the previous month ...