The Bank of England has kept interest rates unchanged for the fifth meeting in a row but has indicated it could raise them if the Iran war escalates. The Bank voted to hold interest rates at 3.75% at its latest meeting. Bank of England governor Andrew Bailey warned the future of UK interest rates depended on whether the US led war against Iran continues. However, speaking at an earlier news conference, Bailey said the Bank was not currently moving towards raising interest rates. If the Iran war continues and oil prices hover around $100 a barrel, then a rate rise seems likely.