The Bank last cut interest rates in December but upheaval in the Middle East has stalled any further reductions.
The Bank has maintained interest rates at 3.75%, halting any further reductions. This decision follows a rate cut in December, but ongoing geopolitical tensions in the Middle East have influenced the central bank to pause any additional easing measures.
Market Samachar is a news aggregator. This article was originally published by BBC News. Tap the button above to read the full story on their site.