Bank of England keeps interest rates at 3.75% as Iran conflict weighs on economy (opens original article in a new tab)

Bank of England maintains 3.75% interest rate amid Iran conflict concerns, with inflation at 2.8% and job market changes.

• Bank of England kept interest rates at 3.75% as Iran conflict impacts economy.
• Inflation remained at 2.8% in May, below forecasts.
• Higher energy costs from Hormuz closure may increase inflation and slow growth.
• UK jobs market showed stronger wage growth and lower unemployment.