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Bank of England presses pause on interest rates as Iran worries grow
City still thinks borrowing costs will fall – but not until later this year
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theguardian.com
Bank of England holds interest rates at 3.75% as Iran war prompts inflation fears
Decision comes as concerns mount over economic fallout from conflict bringing fresh cost of living shock
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independent.co.uk
Bank of England presses pause on interest rates as Iran worries grow
City still thinks borrowing costs will fall – but not until later this year
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BoE delivers message Britons don’t want to hear as inflation – and rates – look set to rise
Decision to hold interest rates is backed by gloomy assessment of economy as Iran war pushes up oil prices
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500 mortgage deals pulled from market amid threat of triple interest rate rise
Conflict in the Middle East has scuppered hopes of cuts to the base rate