Urgent.. The Bank of England concludes its annual meetings with a decision to keep interest rates unchanged.

The Monetary Policy Committee of the Bank of England announced the interest rate decision on Thursday following the conclusion of its December meeting. The bank decided to maintain the main interest rates at 4.75% unchanged, which is in line with market expectations, after the Bank of England reduced the interest rate twice consecutively earlier this year.

The decision issued by the Bank of England today reflected a split vote among the members of the Monetary Policy Committee, with 3 members voting in favor of lowering the interest rate, while 6 members voted to keep the rate unchanged. The change in the interest rate decision is the main focus of the monetary policy statement issued by the bank, due to its significant impact on currency and commodity markets.

Traders usually monitor interest rates closely, as short-term interest rates are the primary factor in the value of a currency. If the Bank of England is optimistic about inflation expectations in the economy and opts to raise interest rates, this positively affects the British pound. On the other hand, if the bank maintains a neutral outlook on the UK economy and keeps interest rates unchanged or lowers them, this will negatively impact the pound.