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Evening Standard

Anna Wise

Bank set to hold interest rates after steady inflation and Iran peace deal

Inflation Interest Rates Iran Bank of England Donald Trump Oil

The Bank of England is poised to hold borrowing costs at 3.75% (Gareth Fuller/PA) - (PA Wire)

The Bank of England is poised to hold borrowing costs at 3.75% after better-than-expected inflation data and the promise of a US-Iran peace deal has taken a rate hike off the table, economists think.

New inflation data has reinforced expectations that policymakers will not need to increase interest rates at the next announcement on Thursday.

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