Bank of England Raises Rates for First Time in Three Years on Iran War Inflation
📉 LONDON — The war just forced the first BoE rate hike in three years. 📌 LOOK CLOSER: With Hormuz logistics up 600% and Brent still carrying a $27 geopolitical premium, UK inflation has crossed the threshold the BoE could no longer absorb. Rate hikes cool demand but cannot fix a supply shock — households pay twice: higher energy bills and higher borrowing costs. This is the conflict's first confirmed transmission into G7 monetary policy.
