General · 30 April 2026
UK interest rates likely held after Iran war fears
Anticipated cuts to borrowing costs this year by the central bank are now uncertain, altered by the economic effects of the Iran war. Today at noon, the Bank of England's policymakers are set to maintain current interest rates while they evaluate the conflict's economic impact. The Monetary Policy Committee will maintain the 3.75% main rate; some members could still back a 0.25% increase.
Reported by The Guardian · How we write briefs