Bank of England

Oil Prices Hit Highest Since 2022; Bank of England Warns of Inflation Risks

Oil prices surged to their highest level since 2022 after Axios reported US Central Command prepared strike plans against Iran; the Bank of England held rates but warned Middle East conflict could fuel inflation.

Bank of England Holds Rates at 3.75%, Signals Potential Hikes as Iran War Fuels Inflation

The Bank of England’s Monetary Policy Committee votes to hold the base rate at 3.75%, but warns that energy price shocks from the Iran conflict could force rate hikes within the year.