The Bank of England (BOE) in the City of London, UK, on Monday, Dec. 15, 2025.
Bloomberg | Bloomberg | Getty Images
The Bank of England voted to keep its key interest rate on hold at 3.75% on Thursday, as widely expected by economists, as the Iran war continues to pose a dilemma for policymakers.
The central bank was widely expected to stand pat on rates as it waits to see how the energy price crunch caused by the Iran war, and a concurrent reignition of inflationary pressures in the U.K., manifest themselves in the economy.
The most recent inflation data showed the consumer price index rose to 3.3% in March, up from 3% the previous month, as higher fuel prices drove the rate higher.
This is a breaking news story, please check for futher updates.
