Interest rates expected to be held as uncertainty over Iran war continues
Interest rates are expected to remain at 3.75% as the Bank of England weighs ongoing uncertainty from the Middle East conflict and its impact on inflation and the UK economy. The Monetary Policy Committee is taking a cautious approach, delaying decisions on future rate moves amid volatile economic conditions. The conflict has influenced mortgage and savings rates, affecting households and financial planning across the country.
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Interest rates expected to be held as uncertainty over Iran war continues5 hours agoShareSaveAdd as preferred on GoogleKevin PeacheyCost of living correspondentGetty ImagesInterest rates are expected to be held at 3.75% by the Bank of England, with uncertainty dominating the UK and global economies.Analysts are widely predicting the benchmark rate will be left unchanged owing to strong signals from the Bank that it will take time to assess the impact of conflict in the Middle East on the economy and the cost of living.The base rate is the Bank's primary tool in controlling inflation, which charts the annual rise in prices of goods and services.The rate of inflation remains above the 2% target, at 3.3%, but a cautious approach by the rate-setting committee at the Bank of England is…
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