The Bank of England said it was keeping rates unchanged on Thursday after cutting the level in August and again in November.

The Bank of England has held interest rates at 4.75% as it cautioned over “heightened uncertainty in the economy” following the UK Budget and US presidential election.

The Monetary Policy Committee (MPC) said it was keeping rates unchanged on Thursday after cutting the level in August and again in November.

Six members of the MPC preferred to keep the base rate at 4.75%, while three voted for a 0.25 percentage point reduction.

Governor Andrew Bailey said the central bank needs to make sure inflation returns to its 2% target level on a “sustained basis”.

“We........

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