BoE and Fed both hold rates steady as Iran-linked inflation risk complicates outlook

BBC — Business—Central banks on both sides of the Atlantic held interest rates steady this week, with policymakers citing new inflation risk from the Iran escalation as a complicating factor for future moves. The Bank of England opted for continuity, while the Federal Reserve's hold reflects similar caution about imported energy-price shocks. Neither institution committed to a specific timeline for its next move, leaving markets to parse the language for signals. The decisions illustrate how a regional conflict thousands of miles away is now a direct input into rate-setting on two continents.

• BBC — Business — Central bank holds rates steady but signals readiness to raise on Iran escalation
• The Independent (UK) — Will interest rates go up today? Bank of England’s key factors and 2026 predictions
• The Independent (UK) — BoE rate held at 3.75% for the fifth time this year
• The Independent (UK) — BoE signals rate cuts remain possible later this year
• The Hill — Fed explicitly frames Iran tensions as the inflation-risk driver behind its hold