Bank of England expected to hold interest rates steady
The Bank of England is widely expected to keep interest rates on hold at 3.75 percent. However, surging energy prices driven by the Iran war have stirred market speculation about a potential rate hike later this year to combat rising inflation.
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The Bank of England is expected to keep its Bank Rate at 3.75% on Thursday, as global energy shocks fueled by the war with Iran stir expectations of a November hike.
