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The Independent UK
The Independent UK
Karl Matchett and Athena Stavrou

Bank of England warns interest rate rise ‘likely’ if Trump’s war in Iran continues

The Bank of England has warned a future interest rates are “likely” if Donald Trump’s war in Iran continues to stifle growth in Britain’s economy.

The Bank’s monetary policy committee held interest rates at 3.75 per cent on Thursday, despite mounting pressure to hike rates after an uptick in inflation.

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