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Evening Standard
Evening Standard
Business
Anna Wise

Bank signals interest rates could rise as Iran war to push up cost of living

ING Interest Rates Iran United States Andrew Bailey Inflation Bank of England Kirsty Wigglesworth MPC PA Graphics
Interest rates were held at 3.75% on Thursday (Kirsty Wigglesworth/PA) - (PA Wire)

Bank of England policymakers have signalled that interest rates could rise later this year if the Middle East energy shock has a longer-lasting effect on the cost of living.

The outlook comes as interest rates were held at 3.75% on Thursday.

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