Economy #uk#interest rates
UK Base Rate Held at 3.75% as War in Iran Upends Rate Cut Expectations
The Bank of England held interest rates at 3.75% for the third time, the lowest since February 2023, as the economic impact of the war in Iran upends expectations for further cuts. Sustained higher inflation could force up to six rate rises, potentially bringing the base rate to 5.5%, but weak jobs market and sluggish growth complicate the outlook.
Jun 12, 2026 1 source