Bank of England holds rates steady at 3.75% after Iran ceasefire, signaling caution on HormuzExecutive summary: The Bank of England kept its benchmark interest rate unchanged at 3.75% following a provisional ceasefire in the Iran conflict. The decision signals the BoE’s caution toward future rate cuts amid lingering inflation risks and geopolitical uncertainty. Bank of England Governor Andrew Bailey and the UK Treasury are the primary actors. The BoE is expected to maintain its current stance until inflation trends more clearly, with a possible policy reassessment at the next meeting.The Bank of England kept its benchmark interest rate at 3.75% on 18 June 2026, following a provisional ceasefire in the Iran conflict. The move reflects the BoE’s cautious stance amid persistent inflation concerns and uncertainty over the geopolitical outlook. Markets responded with modest adjustments in bond yields and the pound.Connected developmentsBOE signals caution on Hormuz openingOpen the full case file on Beyond →
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