Only the Middle East crisis is preventing a drop in UK interest rates

The Guardian Business · Published 1d ago · Impact 62%

Bank’s wariness about inflationary pressures from the conflict lie behind decision to hold steady at 3.75% Business live – latest updates There is a threat of high inflation coming to the UK but only from the conflict in the Middle East, which could keep oil prices high for much longer than was expe

Caution ahead70%

PositiveDiplomatic options may remain open

RiskEscalation, implementation failure or renewed fighting

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