The Guardian Australia – Business
·business
·1 hour ago
Bank of England holds interest rates at 3.75% amid Iran conflict
The Bank of England maintained interest rates at 3.75% amid concerns over the Iran conflict's impact on the UK economy. Higher energy costs due to the closure of the Strait of Hormuz are expected to drive inflation and hinder growth. The decision reflects a cautious stance compared to the European Central Bank's recent.
Summary by OZbrief · The Guardian Australia – Business
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