The Bank of England held its main interest rate at 3.75% on Thursday as the sharp oil and gas price hikes following the start of the Iran war have stoked renewed concerns about inflation. The decision was widely anticipated after the United States and Israel started bombing Iran less than three weeks ago.

At its meeting on Thursday, the Bank of England held rates at the current level of 3.75 per cent, as widely expected. The vote was unanimous and the accompanying

Donald Trump and the conflict in the Middle East are now determining monetary policy in the UK. That’s effectively the assessment of the Bank of England, which warned that Britons will be paying the price.

UK central bank has left rates on hold, and warned that CPI inflation will be higher in the near term as a result of the ‘new shock to the economy’ from Iran war

Soon hedgehogs and badgers will replace Alan Turing and Jane Austen on bank notes, in a deeper political and cultural shift in the UK.

The Bank of England kept interest rates steady on Thursday in the face of inflation risks from the war in the Middle East. At its meeting ending on March 18, the Monetary Policy Committee (MPC) voted unanimously to maintain the bank rate at 3.

The Bank of England proposes new measures to ensure banks can monetize liquid assets rapidly during crises, building on recent global banking lessons.

Right-wingers have found a new topic to rage about after the Bank of England announced historical figures will be removed from banknotes.

The Bank of England kept rates unchanged at 3.75%, choosing a wait-and-see approach as uncertainty around inflation and growth increases.

Seventy-five Bank of England staff received the maximum £150,000 ($200,000) payout after volunteering for layoffs that ended in many senior departures from the UK central bank.