Escalation in the Middle East could still put pressure on Bank of England rates

Dr Bingsong Wang provides comment on the Bank of England's decision to continue to hold interest rates.

Bank of England

Dr Bingsong Wang spoke to Investment Week about the Bank of England's decision to maintin the base rate at 3.75% (30 July) despite international uncertainty.

The Bank has pressed pause, not stop – and further escalation in the Middle East could still force its hand."

Read the article here (paywalled).