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UK interest rates: Bank of England likely to keep rates unchanged; cautious stance amid Middle East tensions
The Bank of England is likely to maintain current interest rates. Concerns rise over the Israel-Iran conflict's impact. This conflict could involve the United States, potentially increasing oil prices. UK inflation remains high, exceeding the 2% target. Rising oil prices may further strain consumer finances. Global trade tensions, particularly involving potential US tariffs, add to economic uncertainty.
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