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Interest rates held amid trade war uncertainty

Sky News Thursday, 20 March 2025
The Bank of England has kept interest rates on hold as it warned of growing economic uncertainty linked to Donald Trump's trade war. 
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News video: Bank of England: NI rise could see companies shed workers

Bank of England: NI rise could see companies shed workers 00:52

The Bank of England has kept interest rates on hold at 4.5%, warning that US President Donald Trump's trade war has intensified global economic uncertainty. The Bank says there are indications an increasing number of companies plan to let workers go when national insurance contributions rise next...

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Former Bank of England policymaker Michael Saunders welcomed March’s lower inflation but warned it may be short-lived. He said rising energy bills, tax hikes, and fallout from US trade tensions could push UK inflation above 3% next month, while also slowing growth, investment and potentially increasing unemployment later this year. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

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