Decision to hold interest rates is backed by gloomy assessment of economy as Iran war pushes up oil prices

We’ve been here before with Covid and Ukraine. Making borrowing more expensive won’t work – only price controls, caps and public ownership can do that, says Josh Ryan-Collins, an…

The Bank of Japan kept its rates steady at 0.75% as expected, but noted that inflation risks now are tilted to the upside due to the Iran war.

Decision comes as concerns mount over economic fallout from conflict bringing fresh cost of living shock

Tassi d'interesse invariati al 3,75% nel Regno Unito, secondo le attese. (ANSA)

City still thinks borrowing costs will fall – but not until later this year

Decision to hold interest rates is backed by gloomy assessment of economy as Iran war pushes up oil prices