Rising oil prices could force up UK interest rates, say economists
A US warship stops a tanker under a blockade of Iranian ports and vessels. Photograph: US Central Command/AFP/Getty ImagesView image in fullscreenA US warship stops a tanker under a blockade of Iranian ports and vessels. A second energy wave will likely amplify uncertainty around the inflation path and the risk of second-round effects.”View image in fullscreenThe Bank of England’s monetary policy committee is expected to vote on Thursday in favour of holding interest rates.
- ▪A US warship stops a tanker under a blockade of Iranian ports and vessels.
- ▪Photograph: US Central Command/AFP/Getty ImagesView image in fullscreenA US warship stops a tanker under a blockade of Iranian ports and vessels.
- ▪A second energy wave will likely amplify uncertainty around the inflation path and the risk of second-round effects.”View image in fullscreenThe Bank of England’s monetary policy committee is expected to vote on Thursday in favour of holdin
The Guardian — World publishes from United Kingdom and files mainly under world. We currently carry 2,164 of its stories.
Opening excerpt (first ~120 words) tap to expand
A US warship stops a tanker under a blockade of Iranian ports and vessels. Renewed fighting has pushed up oil prices. Photograph: US Central Command/AFP/Getty ImagesView image in fullscreenA US warship stops a tanker under a blockade of Iranian ports and vessels. Renewed fighting has pushed up oil prices. Photograph: US Central Command/AFP/Getty ImagesInterest ratesRising oil prices could force up UK interest rates, say economistsBank of England expected to keep rates on hold on Thursday but renewed Iran conflict casts shadow over energy costsPhillip InmanSun 26 Jul 2026 19.01 EDTSharePrefer the Guardian on GoogleThe Bank of England could be forced to tear up its economic forecasts and raise interest rates later this year if oil prices return to above $100 a barrel, according to City…
Excerpt limited to ~120 words for fair-use compliance. The full article is at World news | The Guardian.
Discussion
0 commentsMore from World news | The Guardian
