Bank of England holds rates at 3.75% in April amid inflation risks

The Bank of England has held rates at 3.75 per cent in April with an 8–1 vote.
Inflation at 3.3 per cent may rise further due to energy shocks from Middle East tensions.
Labour markets are softening, with unemployment seen edging up.
The MPC expects subdued growth, rising uncertainty, and stands ready to act to keep inflation near the 2 per cent target.