UK Economy

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.

UK Minister Warns Iran War Price Impacts Could Last Eight Months

A UK government minister warns that supply chain disruptions from the Iran war could keep prices elevated for up to eight months, as officials monitor stock levels and prepare contingency plans.