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Interest rates held at 3.75% but Bank warns Iran war could mean future hike

Interest rates held at 3.75% but Bank warns Iran war could mean future hike

The Bank of England has held interest rates at 3.75%, but policymakers warned that pressure to raise rates is building as the Iran war goes on.

The Bank’s monetary policy committee (MPC) said global energy prices were volatile and likely to push inflation higher by the end of the year...

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