Bank of England holds interest rates despite Iran war inflation threat - business live

Live, rolling coverage of business, economics and financial markets as three members of monetary policy committee vote to raise rates

That German GDP reading has indeed contributed to the wider eurozone hitting expectations - and then some.

The eurozone economy grew by 0.4% in the second quarter of 2026, according to the preliminary reading from Eurostat - defying the gloom caused by the US-Israeli war on Iran.