Bank of England holds interest rates and hints of increases as Iran war jolts inflation outlook
Yahoo Finance·2026-03-19 15:31
LONDON (AP) — The Bank of England held its main interest rate at 3.75% on Thursday as the sharp oil and gas price hikes following the start of the Iran war have stoked renewed concerns about inflation. The decision was widely anticipated after the United States and Israel started bombing Iran less than three weeks ago. All nine members of the Monetary Policy Committee voted to keep borrowing costs on hold, the first unanimous decision for more than four years. Until the war erupted on Feb. 28, it was a ...