London (United Kingdom), Mar. 19 (LaPresse) – The Bank of England has chosen to keep its main interest rate unchanged at 3.75%, following the rise in oil and gas prices after the start of the war with Iran. Today’s decision was widely expected, after the United States and Israel began bombing Iran less than three weeks ago. Until then, it had been almost taken for granted that the Bank of England would cut interest rates, as UK inflation was expected to fall toward the 2% target in the coming months. The war with Iran has disrupted these forecasts, as well as broader global economic projections, especially regarding its impact on prices.
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