UK interest rates: Bank of England likely to keep rates unchanged; cautious stance amid Middle East tensions
Times of IndiaThursday, June 19, 2025 at 10:48:43 AM
The Bank of England is expected to hold interest rates steady for now, but it’s walking a tightrope. On one hand, UK inflation is still stubbornly high—above the 2% target—so cutting rates isn’t an option yet. On the other, the escalating tensions between Israel and Iran (and the risk of US involvement) could send oil prices soaring, making everything from gas to groceries even pricier. That’s the last thing squeezed UK households need. Meanwhile, global trade spats aren’t helping either. Basically, the BoE’s playing it safe, but the world isn’t making it easy.
Editor’s Note: If you were hoping for relief from high borrowing costs or price hikes, don’t hold your breath. The Bank’s stuck between a rock (inflation) and a hard place (global chaos). And with oil prices at risk of spiking, your wallet might feel even lighter soon. This isn’t just about rates—it’s about how conflicts halfway across the world can hit home where it hurts: your budget.
— Curated via WP Now’s
