The Bank of England (BoE) has held the base rate once again at 3.75%, as the Monetary Policy Committee (MPC) voted six to three in favour of holding interest rates.
The central bank lowered the base rate from 4% to 3.75% in December 2025, and it has remained unchanged since.
The MPC voted in favour of holding the rate, with three members voting to increase it by 0.25% to 4%.
The latest update comes as the Office for National Statistics announces that UK inflation rose from 2.9% in July to 3.1% in August.
The committee said protracted conflict in the Middle East has contributed to further increases in oil and energy prices since the previous meeting at the end of July.
The BoE added that inflation is also expected to rise further over the coming quarters, and that its monetary policy is set to ensure inflation comes down to 2% sustainably.
