The Bank of England is expected to maintain its borrowing costs at 3.75% following inflation data and news of a US-Iran peace deal, according to economists.

England, United Kingdom

Who

Bank of England, economists, US President Donald Trump, Victoria Scholar, European Central Bank, US Federal Reserve

What

When

Wed, 17 Jun 2026 12:34:09 GMT · 1d 22h ago

Where

England, United Kingdom ·

Why

New inflation data showed the Consumer Prices Index (CPI) inflation remained at 2.8% in May, lower than economists' predictions, and a potential US-Iran peace deal is anticipated to lower oil prices.

The Frontline Impact

How this affects you

The decision to hold interest rates in the UK, influenced by steady inflation and a potential US-Iran peace deal, suggests a period of stability for borrowers, although future inflation due to energy costs remains a concern. The broader global economic landscape is impacted by the US-Iran deal's effect on oil prices, affecting economies worldwide.

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