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Doloresz Katanich

Bank of England holds rate at 3.75% amid Iran war inflation fears

Inflation Iran Bank of England Andrew Bailey Oil Interest Rates

In a widely anticipated move, the Bank of England left its main interest rate on hold at 3.75% on Thursday.

"We have held interest rates at 3.75% as we assess how events unfold," Bank governor Andrew Bailey said. “Whatever happens, our job is to make sure inflation returns to its 2% target."

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