Bank of England Keeps Rates Steady Amid Iran War Inflation Concerns
Published by WarSignal Editorial · Last updated
Decision not to change rate comes despite signs inflation is rising amid the Iran war’s effects on fuel prices The Bank of England has left UK interest rates unchanged at 3.75%, despite signs that inflation is beginning to accelerate due to the impact of the Iran war. The Bank’s rate-setting monetary policy committee (MPC) voted to leave borrowing costs on hold at noon on Thursday, after its.
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