Bank of England holds interest rates at 4.5% amid fears over stubborn inflation

Central bank pauses rate cuts as UK economy struggles and Trump tariffs hit world economy

• Business live latest updates

The Bank of England has kept interest rates on hold at 4.5% amid rising global uncertainty and concerns over stubbornly high inflation.

The central bank’s rate-setting monetary policy committee (MPC) voted to pause its cycle of rate cuts after three previous reductions in the past year.