WEATHER ALERT
Bank of England sits tight on interest rates like US and Japan as Iran war upends the global economy
Read full article: Bank of England sits tight on interest rates like US and Japan as Iran war upends the global economyThe Bank of England is keeping its main interest rate on hold at 3.75% as policymakers assess the economic impact of the Iran war and Tehran’s effective closure of the Strait of Hormuz, through which a fifth of the world’s crude passes.
Bank of England keeps main UK interest rate at two-year low of 4.25%
Read full article: Bank of England keeps main UK interest rate at two-year low of 4.25%The Bank of England has kept its main interest rate at the two-year low of 4.25% as fears grow that the conflict between Israel and Iran will escalate.