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

Bank’s wariness about inflationary pressures from the conflict lie behind decision to hold steady at 3.75%Business live – latest updatesThere 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 expected when Donald Trump first began attacking Iran.

Curated in the public interest from original reporting.
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