As it happened: FTSE 100 hits new high after interest rates heldWelcome back to City AM's FTSE 100 live blogWelcome back to the City AM liveblog. The Bank of England has held interest rates at 3.75 per cent in a 6-3 split. The Bank has been grappling with higher and more persistent inflation fuelled by a spike in energy prices brought on by the war in Iran. Meanwhile, the FTSE 100 is trading up 0.1 per cent after hitting its highest-ever level on Wednesday, reaching a new record of 10,971. Jump straight to:Read more Bank of England holds interest rates but warns of rises to come