Preview: BoE To Remain on Hold In March,As the Iran War Poses Upward Risks to Inflation

In this paper, we discuss:

• Why the Bank of England is likely to hold rates;
• How the Iran war raises inflation risks through higher energy prices;
• The weak UK macro backdrop, including slow growth and a softening labour market;
• Market expectations for two rate cuts later in the year;
• The implications for UK bonds, the pound, and financial markets.

Download PDF: Iran War – March 2026