General · 19 March 2026
UK interest rates stay at 3.75% over Iran war
Rising energy costs from the Iran war mean UK households could see higher fuel and electricity bills later this year, causing inflation to accelerate. Analysts broadly anticipate the Bank of England will keep interest rates at 3.75% this Thursday, deferring its previous intention to implement a cut. Economists like Thomas Pugh believe a rate cut is unlikely for both March and April due to the ongoing volatility.
Reported by Independent · How we write briefs