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Interest rates held at 3.75% but Bank warns Iran war could mean future hike

Susannah Streeter, chief investment strategist at Wealth Club, insists the Middle East conflict holds the key to future rate decisions.

She said: “The longer the war with Iran continues to rage and keeps crude and gas prices elevated, the greater the chances of a hike later this year and next, especially if data shows consumer price inflation continues to rise.”

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