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Story summary
- The Bank of England held its interest rate at 3.75% on March 19, 2026, amid inflation fears tied to the Iran conflict.
- The European Central Bank is likely to consider a rate hike later in 2026.
- Energy prices have surged, impacting inflation and economic growth across the region.
- Analysts describe the situation as a "perfect storm" for Europe’s sovereign bond markets, with yields rising sharply.
