18 jun 2026
Bank of England keeps interest rates at 3.75% as Iran conflict weighs on economy
Higher energy costs due to the closure of strait of Hormuz are expected to boost inflation and slow UK growth Business live latest updates Bank of England policymakers have left interest rates on hold at 3.75%, as they continue to weigh the impact of the Iran conflict on the economy. The decision had been widely expected, even before Wednesday’s inflation figure undershot forecasts to remain at 2.8% in May.
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