BUSINESSWPLG LOCAL 10 MIAMI
Bank of England holds main interest rate at 3.75% as Iran war inflation pressures ease
The Bank of England maintained its main interest rate at 3.7% as inflation eased to 2.8% in May, influenced by a U.S.-Iran deal ending their war and subsequent declines in energy prices. While inflation remains above the 2% target, the central bank anticipates potential rate cuts next year if energy prices stabilize.
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- Bank of England holds main interest rate at 3.75% as Iran war inflation pressures ease
- Bank of England holds main interest rate at 3.75% as inflation pressures eases
- Bank of England holds main interest rate at 3.75% as inflation pressures on UK economy become more benign
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