News · 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.

By BriefTea Editorial · 30 April 2026 at 10:08

Reported by The Guardian · How we write briefs

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