BoE to hold rates as Iran conflict adds uncertainty to UK outlook
TL;DR Summary
Analysts expect the Bank of England to keep the base rate at 3.75% as the economy absorbs the uncertain fallout from the Iran conflict; inflation is running at 3.3%, the MPC will publish new forecasts after the decision, and mortgage rates have risen while savers watch for rate moves.
- Interest rates expected to be held as uncertainty over Iran war continues BBC
- Investors add to bets on Bank of England rate hikes Reuters
- ECB and BOE to Leave Key Rates Unchanged as Fate of Hormuz Strait Remains Unclear WSJ
- Bank of England expected to hold rates steady despite inflation risk Financial Times
- The Bank of England is expected to keep interest rates on hold as it weighs the impact of Iran war WRAL
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