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UK interest rates: Bank of England likely to keep rates unchanged; cautious stance amid Middle East tensions

IndiaTimes Thursday, 19 June 2025 ()
The Bank of England is likely to maintain current interest rates. Concerns rise over the Israel-Iran conflict's impact. This conflict could involve the United States, potentially increasing oil prices. UK inflation remains high, exceeding the 2% target. Rising oil prices may further strain consumer finances. Global trade tensions, particularly involving potential US tariffs, add to economic uncertainty.
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Video Credit: ODN - Published
News video: Chancellor reacts to latest interest rates decision

Chancellor reacts to latest interest rates decision 00:38

Following the Bank of England’s decision to leave UK interest rates at 4.25%, Rachel Reeves says the government respects the Bank's decision. Speaking at the Times CEO Summit in central London, the Chancellor says, "we respect independent economic institutions, and the Bank has got an incredibly...

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