UK holds rates at 3.75%
UK holds interest rates at 3.75% with 6-3 vote
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BoE MPC: Policy Stance Will Depend On Scale And Shock Of Iran War And How It Spreads Through Economy
Little Sign Of Second-Round Effects So Far But Caution Needed; There Have Been Clear Signs Of Disinflation In Recent Data Risks To Inflation Forecasts Are Tilted To Upside But Scope Remains For Outlook To Change Materially Depending On Iran War Strong Demand For Ai Components And El Nino Pose Upside Risks To Inflation