The Bank of England holds rates steady at 3.75% for the fifth time this year, signaling cautious optimism as inflation dips slightly below expectations — but with oil prices surging and global tensions rising, especially over Iran, policymakers are stuck in a tight spot. The US Fed mirrors this pause, while UK markets brace for the new Prime Minister’s economic moves — all while inflation stubbornly lingers above target. For now, no change — but watch this space as the world’s biggest economies weigh inflation, conflict, and policy shifts.
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