Bank of England expected to leave interest rates on hold as Middle East conflict pushes up oil price – business live
The GuardianThursday, June 19, 2025 at 7:41:50 AM
The Bank of England is likely to keep interest rates steady for now, even as rising oil prices—driven by Middle East tensions—add pressure to the economy. Meanwhile, Switzerland’s central bank just cut its rates to 0%, citing easing inflation and global trade tensions that are slowing growth worldwide.
Editor’s Note: This isn’t just about numbers on a screen—it’s a sign of how global instability (like Middle East conflicts) and economic friction are forcing central banks to walk a tightrope. The Swiss move hints at growing caution, while the UK’s wait-and-see approach shows how tricky it is to balance inflation risks with a shaky economy. For everyday folks, it could mean everything from mortgage rates staying put to higher gas prices biting harder.
— Curated via WP Now’s
