Decision comes as concerns mount over economic fallout from conflict bringing fresh cost of living shock
The Bank of England has kept interest rates on hold amid growing fears over an inflation shock triggered by the US-Israel war on Iran.
As households brace for a rise in living costs, the Bank’s rate-setting monetary policy committee (MPC) voted by a majority to keep its key base rate at the current level of 3.75%.
Continue reading…Decision comes as concerns mount over economic fallout from conflict bringing fresh cost of living shockBusiness live – latest updatesThe Bank of England has kept interest rates on hold amid growing fears over an inflation shock triggered by the US-Israel war on Iran.As households brace for a rise in living costs, the Bank’s rate-setting monetary policy committee (MPC) voted by a majority to keep its key base rate at the current level of 3.75%. Continue reading…
