WEATHER ALERT
Bank of England joins other central banks in freezing rate cuts as Iran war upends global economy
Read full article: Bank of England joins other central banks in freezing rate cuts as Iran war upends global economyThe Bank of England is keeping its main interest rate on hold at 3.75% as policymakers assess the economic impact of the Iran war and Tehran’s effective closure of the Strait of Hormuz, through which a fifth of the world’s crude passes.
Bank of England says world is 'highly unpredictable' as it keeps interest rate at 2-year low
Read full article: Bank of England says world is 'highly unpredictable' as it keeps interest rate at 2-year lowThe Bank of England has kept its main interest rate at the two-year low of 4.25% as fears grow that the conflict between Israel and Iran will escalate.