BUSINESSCOURTHOUSE NEWS
Bank of England warns on inflation after freezing rate
The Bank of England kept interest rates at 3.75% for a fifth consecutive meeting, warning that inflation will rise again due to high energy prices from the U.S.-Iran conflict. Three BoE policymakers voted to increase rates, while the central bank projected inflation could peak at 3.2% by year-end or rise to 4.5% in 2027 if Middle East tensions escalate.
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- Bank of England holds main interest rate at 3.75% as Iran war inflation pressures ease
- Bank of England warns ‘higher inflation is unavoidable’ after leaving interest rates on hold
- Bank of England keeps key rate at 3.75% for the fifth time this year
- US-Iran war looms over Britain’s economy
- Bank of England holds main interest rate at 3.75% as inflation pressures eases