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
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. Continue reading...
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