Bank of England holds interest rates and stress tests energy shock impact

11 articles · Updated · Bloomberg · Apr 27

The Bank of England will keep rates unchanged this week and conduct stress tests on the prolonged energy shock caused by the ongoing war in Iran.
Rising inflation, driven by the conflict, is prompting the central bank to assess financial system resilience amid persistent energy price pressures.
The European Central Bank is also holding rates, while the closure of the Strait of Hormuz and elevated UK inflation at 3.3% add to policy uncertainty.

What 'adverse scenarios' would force the ECB and BOE to enact emergency rate hikes?

Is delaying rate hikes a dangerous repeat of the 1970s stagflation playbook?

With fuel prices soaring, are widespread wage demands and a price spiral now inevitable?

Beyond oil, what hidden supply chain failures pose the next threat to the global economy?

Could this crisis finally force Europe to achieve true independence from fossil fuels?

How long until the world’s most critical oil chokepoint is truly safe for shipping again?