Bank of England holds rates as high energy prices keep inflation risk alive post-Iran deal
Nikkei Asia—The Bank of England held interest rates steady while warning that persistently high energy prices could sustain inflationary pressure despite the US-Iran nuclear deal. Analysts noted that oil price volatility could persist for months or even a year after the deal's signing, limiting the relief central banks had hoped for. European markets closed cautiously after the Iran peace deal hit early implementation snags. The Economist assessed that the deal brought little certainty to energy markets, with multiple geopolitical unknowns still feeding price swings.