Interest rates kept on hold at 3.75%

The Bank has decided to keep interest rates at 3.75%, opting not to make any changes. This decision comes after the Bank's last rate cut in December, which was followed by a period of uncertainty. Upheaval in the Middle East has been cited as a key factor in the decision to hold rates steady, rather than implementing further reductions. The current rate of 3.75% will remain in place for the time being.

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