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. Follow for what it means for you and your money ➡️ https://news.sky.com/story/money-live-consumer-personal-finance-interest-rate-mortgages-savings-careers-jobs-tips-sky-news-latest-13040934 #UK #UKEconomy #BankOfEngland #InterestRates #Finance #Money #SkyNews #Live #SkyNewsLive #BreakingNews 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