Bank of England holds interest rates at 3.75% as Iran war prompts inflation fears

2026-03-19 - 12:19

Decision comes as concerns mount over economic fallout from conflict bringing fresh cost of living shock Business live – latest updates 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...