BOE Holds Rates Amid Iran Conflict Uncertainty

The Bank of England has decided to hold interest rates at 3.75%, waiting to see the economic impact of the ongoing conflict in Iran.

The decision was made at a meeting of the Monetary Policy Committee, with the central bank citing concerns over the uncertainty caused by the war.

According to the Financial Times, the Bank of England is closely monitoring the situation and will reassess its monetary policy when more information becomes available.