Bank of England Maintains Interest Rate at 3.75% Amid Iran War Uncertainty
The Bank of England kept its key interest rate at 3.75%, as expected, amid ongoing concerns over the impact of the Iran war on energy prices and inflation. The central bank is waiting for more data on how these factors will affect the UK economy. Recent inflation data showed a rise to 3.3% in March, driven by higher fuel prices.
Topics: Bank of England economic policy inflation interest rates Iran war