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Interest rates held as Bank warns of impact of high energy prices

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NEWSDECK ANALYSIS
The Bank's decision on interest rates is closely watched as it can have a significant impact on the UK economy, influencing borrowing costs and spending power for consumers and businesses. High energy prices can also have a ripple effect on inflation, making it more challenging for the Bank to balance its monetary policy decisions. The current geopolitical tensions in the Middle East are a key factor in the Bank's cautious approach to interest rates.
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Interest rates held as Bank warns of impact of high energy prices
The Bank last cut interest rates in December but upheaval in the Middle East has stalled any further reductions.
18 Jun, 12:50
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