# Bank of England keeps rates on hold, awaits clearer sign of Iran war inflation hit

> The Bank of England kept its policy rate at 3.75% on July 30, voting 6-3, with Catherine Mann joining Megan Greene and Huw Pill in backing a hike to 4%. Governor Andrew Bailey said the bank is waiting for a clearer sign of how much the US-Iran war will raise inflation. He also said markets' pricing of a later-2026 hike mostly reflected the risk of further escalation.

- Date: 2026-07-30 · published 2026-07-30T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/18607-bank-of-england-keeps-rates-on-hold-awaits-clearer-sign-of-iran-war-inflation
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

For feed buyers the effect runs through currency and borrowing costs rather than grain directly. A firmer sterling and higher UK rate expectations can shift import costs for UK feed users and the dollar-sterling conversion of commodity prices.

## Read by commodity

- GBPUSD: neutral

## Sources

- streetinsider.com: https://www.streetinsider.com/Reuters/Bank+of+England+keeps+rates+on+hold%2C+awaits+clearer+sign+of+Iran+war+inflation+hit/26838541.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.