Middle East Conflict Likely to Heavily Influence BOE Rate Decisions -- Market Talk
Dow Jones03-19 21:02
1302 GMT - The evolution of the Middle East war is likely to have a big influence on the Bank of England's interest-rate decisions in the coming months, Moneyfarm's Richard Flax says in a note. The BOE on Thursday voted to keep rates on hold at 3.75% in a unanimous decision. Rising tensions in the Middle East are driving up energy costs, raising the risk of high global inflation. "If the current pressures persist, expectations for rate cuts will continue to be pushed back," Flax says. Markets price in a 55% chance of a BOE rate rise in April, LSEG data show. (miriam.mukuru@wsj.com)
(END) Dow Jones Newswires
March 19, 2026 09:02 ET (13:02 GMT)
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