Bank of England holds interest rates at 3.75% as inflation fears mount

Split vote comes as Iran war is rekindled and oil price climbs close to $90 a barrel Business live – latest updates Only Middle East crisis is preventing drop in UK interest rates The Bank of England has kept UK interest rates on hold as it warned that a further escalation in the Iran war could drive inflation above 4% next year, adding to cost of living pre

The top 3

  1. Top 3 Central Banks by Asset Size: The European Central Bank leads with $7.13 trillion in assets, followed by the People's Bank of China ($6.62 trillion) and the U.S. Federal Reserve System ($6.59 trillion) as of Q3 2025.
  2. Oldest Continuously Operating Central Banks: Sveriges Riksbank, Sweden's central bank, is the world's oldest, established in 1668, followed by the Bank of England (1694) and the Bank of Scotland (1695).
  3. Central Banks with Largest Global Economic Footprint: The U.S. Federal Reserve is considered the most influential central bank due to the widespread use of the U.S. dollar in global transactions, followed by the European Central Bank and the Bank of Japan, which manage monetary policy for major economic blocs.

Sources

Open the full topic