Bank of England expected to hold interest rates as it weighs the impact of Iran war
The Bank of England is expected to hold interest rates at 3.75% as it evaluates the economic impact of the Iran war and disruptions to global oil supplies through the Strait of Hormuz. Policymakers are weighing the risk of rising inflation driven by higher energy prices against ongoing economic uncertainty in the Middle East. While rate cuts were previously anticipated, the conflict has shifted focus toward potential future hikes if inflationary pressures persist.
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ABC NewsLiveVideoShowsGood Morning AmericaShopGMAInterest Successfully AddedWe'll notify you here with news aboutTurn on desktop notifications for breaking stories about interest? OffOnStream onBank of England expected to hold interest rates as it weighs the impact of Iran warThe Bank of England is expected to announce it's keeping interest rates on hold as policymakers assess the economic impact of the Iran war and Tehran’s effective closure of the Strait of Hormuz, through which a fifth of the world’s crude passes in peac...ByPAN PYLAS Associated PressApril 30, 2026, 1:03 AM1:24Bank of England Governor Andrew Bailey speaks at Managing Global Imbalances: Policy Priorities forum during the World Bank/IMF Spring Meetings at the IMF headquarters in Washington, Wednesday, April 15, 2026.
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