Key Takeaway
Split vote comes as Iran war is rekindled and oil price climbs back above $90 a barrelBusiness live – latest updatesThe Bank of England has kept UK interest rates on hold as it warned that a further escalation in the Iran war could drive inflation above 4% next year, adding to cost-of-living pressures on households. Against a volatile backdrop in…
Published July 30, 2026 · Category: News
Overview
Split vote comes as Iran war is rekindled and oil price climbs back above $90 a barrel
The Bank of England has kept UK interest rates on hold as it warned that a further escalation in the Iran war could drive inflation above 4% next year, adding to cost-of-living pressures on households.
Details
Against a volatile backdrop in the Middle East conflict, the Bank’s monetary policy committee voted by six to three to keep its key base rate at the current level of 3.75%.
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Source
Originally published at www.theguardian.com.
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What is "Bank of England holds interest rates at 3.75% as inflation fears mount" about?+
Split vote comes as Iran war is rekindled and oil price climbs back above $90 a barrelBusiness live – latest updatesThe Bank of England has kept UK interest rates on hold as it warned that a further escalation in the Iran war could drive inflation above 4% next year, adding to cost-of-living pressures on households.Against a volatile backdrop in the Middle East conflict, the Bank’s monetary policy committee voted by six to three to keep its key base rate at the current level of 3.75%. Continue r
Who reported this story?+
This story was reported by The Guardian World.