Bank holds interest rates but says it is ready to raise them if Iran war escalates

The Bank has decided to hold interest rates at their current level, but is prepared to raise them if the situation in Iran escalates into a full-scale war. Despite uncertainties surrounding the conflict, the Bank expects the economy to experience higher growth than initially predicted this year. Economic forecasts remain subject to change due to the ongoing tensions with Iran. The Bank's decision reflects its cautious approach to monetary policy amidst global instability.

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