Bank of England to hold interest rates as oil price surge threatens UK economy
2 sources·Updated July 26, 2026
Covered by 2 sources
- Guardian World·3h agoRising oil prices could force up UK interest rates, say economists
Bank of England expected to keep rates on hold on Thursday but renewed Iran conflict casts shadow over energy costs The Bank of England could be forced to tear up its economic forecasts and raise interest rates later this year if oil prices return to above $100 a barrel,…
Read at Guardian World → - City A.M.·17h agoBank of England to hold interest rates as oil price surge threatens UK economy
The Bank of England is expected to hold interest rates in a split vote on Thursday yet a surge in oil prices could complicate the crucial decision. The Bank’s Monetary Policy Committee is widely expected to leave interest rates unchanged at 3.75 per cent. Analysts believe that…
Read at City A.M. →
