Interest rate held again - but for how long?

The Bank of England has held the base interest rate at 3.75%.

It's a move that was widely expected by markets, particularly after inflation figures released yesterday showed a rise from 2.9% to 3.1% in the year to August.

The Bank has chosen to hold despite a big moment in the US last night, where the Federal Reserve announced its first rate hike in three years.

Six members of the monetary policy committee voted to hold, while three voted for a hike.

Live updates: https://news.sky.com/story/money-live-consumer-personal-finance-interest-rate-mortgages-savings-careers-jobs-tips-sky-news-latest-13040934

SUBSCRIBE to our YouTube channel for more videos: http://www.youtube.com/skynews
Follow us on X: https://twitter.com/skynews
Like us on Facebook: https://www.facebook.com/skynews
Follow us on Instagram: https://www.instagram.com/skynews
Follow us on TikTok: https://www.tiktok.com/@skynews

For more content go to http://news.sky.com and download our apps: Apple https://itunes.apple.com/gb/app/sky-news/id316391924?mt=8 Android https://play.google.com/store/apps/details?id=com.bskyb.skynews.android&hl=en_GB

Why not listen to one of our podcasts? This is Why, available for free here: https://podfollow.com/thisiswhy or Ed Conway's Stuff Matters, available here: https://podfollow.com/stuff-matters

To enquire about licensing Sky News content, you can find more information here: https://news.sky.com/info/library-sales