Central banks hold or raise interest rates after Iran war affects inflation

Several major central banks are making decisions about interest rates as the conflict involving Iran creates new pressures on inflation. The Bank of England held its main rate at 3.75% but hinted future increases are possible, while Australia's central bank raised its rate to a 10-month high.

The Federal Reserve is signaling it may not cut rates this year, and the Bank of Japan is facing a familiar dilemma. The central banks are responding to how the war is affecting prices and inflation expectations.