The Bank of England holds rates steady at 3.75% for the fifth time this year, despite inflation dipping slightly — but with a twist: three committee members want to hike rates to 4%, fearing Iran’s escalating conflict could spike energy prices. Inflation, still above their 2% target for 21 straight months, slowed to 2.6%, yet the real drama’s ahead — as the new Prime Minister’s fiscal plans loom, balancing cost-of-living relief with inflation risks.
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