Bank of England’s wait-and-see approach unlikely to calm nerves | Richard Partington and Larry Elliott

BREAKING NEWS

14/04 13:50 - Middle East War Will Slow Global Economic Growth, I.M.F. Warns 14/04 13:34 - Iran war escalation could trigger global recession, IMF warns 14/04 13:30 - Middle East crisis live: Ships under US sanctions pass through strait of Hormuz despite blockade on ports 14/04 13:30 - Sudan’s war still misunderstood after three years 14/04 13:30 - Sudan’s war still misunderstood after three years 14/04 13:22 - UK faces biggest hit to growth from Iran war of major economies, IMF says 14/04 13:19 - Zelenskyy hails Magyar’s win over Orbán as ‘the victory of light over darkness’ in Hungary – Europe live 14/04 13:13 - Trump pick to lead Federal Reserve has assets worth over $100m, disclosures indicate 14/04 13:00 - IMF warns ‘unprecedented’ energy crisis could trigger global recession as Australia prepares for G20 fuel talks 14/04 12:58 - Reeves condemns Trump’s decision to launch war against Iran as ‘folly’– UK politics live 14/04 12:47 - No gains for Netanyahu from Iran war – former Israeli interim president 14/04 12:30 - Former Nato chief warns UK security 'in peril' as he accuses Starmer of 'corrosive complacency' 14/04 12:29 - ‘We were never friends’: Kremlin plays down loss of ally following Orbán’s election defeat 14/04 12:27 - How many ships have passed the Strait of Hormuz and how many were attacked? 14/04 12:27 - How many ships have passed the Strait of Hormuz and how many were attacked? 14/04 12:23 - What Happened After Denmark Adopted a Ruined City in Ukraine 14/04 12:22 - Italy suspends defence agreement with Israel as Lebanon attacks stoke tensions 14/04 12:19 - At a House Republican’s New York Event, Flashes of an Iran Backlash 14/04 12:17 - First Thing: US starts naval blockade of Iranian ports after deadline passes 14/04 12:13 - Israel-Lebanon talks: How motivated is Netanyahu to find a deal? 14/04 12:12 - 'Very cautious optimism' as Israel-Lebanon talks set to begin 14/04 12:06 - Pope says doesn't fear Trump as he pushes back in Iran war feud 14/04 12:01 - United Airlines CEO reportedly pitched merger with American, sparking competition fears 14/04 11:03 - North Korea tests cruise missiles from new warship as Kim Jong Un watches 14/04 11:02 - Anger at ‘bloody unacceptable’ efforts to end Sudan’s war as conflict enters fourth year 14/04 10:59 - Global oil demand to plunge amid disruptions caused by war on Iran: IEA 14/04 10:59 - Global oil demand to plunge amid disruptions caused by war on Iran: IEA 14/04 10:49 - Reform activist suspended over racist and antisemitic comments remains election agent 14/04 10:45 - Detention of journalist in Kuwait raises questions about crackdown on freedom of speech 14/04 10:16 - Iran slams YouTube ban on pro-Iranian group’s Lego-style AI videos 14/04 10:16 - Iran slams YouTube ban on pro-Iranian group’s Lego-style AI videos 14/04 10:13 - Residents of Iraqi Kurdistan in despair: 'We weren't at war with anyone' 14/04 10:13 - BP hails ‘exceptional’ trading as oil prices soar in Iran war 14/04 09:34 - 'Shocking attack': Italian press reacts to Trump's feud with pope 14/04 09:28 - Sudan drone strikes kill nearly 700 in three months as civil war reaches grim milestone 14/04 09:28 - China's exports slow amid surging costs brought on by Iran war 14/04 09:23 - Israel and Lebanon Seek Way Forward in Rare Direct Talks 14/04 09:20 - News24 | Lebanon, Israel begin ‘futile’ talks in US aimed at ending war 14/04 09:08 - Russia’s Lavrov visits China as US pressures Iran with Hormuz blockade 14/04 09:08 - Russia’s Lavrov visits China as US pressures Iran with Hormuz blockade 14/04 09:02 - A Divided America Processes a War With Iran 14/04 08:52 - What hopes for Lebanon-Israel talks as Hezbollah urges cancellation? 14/04 08:50 - US naval blockade begins as Trump vows will destroy Iran boats that approach 14/04 08:48 - 'No glimmer of hope': Little optimism among Lebanon's displaced as talks with Israel begin 14/04 08:31 - HSBC says Iran war is hitting confidence as businesses warn over economic risks 14/04 08:11 - News24 | Don’t want to get into ‘debate with him’: How Trump’s feud with Pope on war could backfire 14/04 08:08 - Starmer’s ‘corrosive complacency’ on defence has put UK in peril, says ex-Nato chief 14/04 07:00 - Trump and New York Are in a Tug of War Over Medicaid Coverage 14/04 06:58 - Iran war: What is happening on day 46 of the US-Iran conflict? 14/04 06:58 - Iran war: What is happening on day 46 of the US-Iran conflict? 14/04 06:27 - The Sea of Azov: Ukraine’s loss but hardly Russia’s gain 14/04 06:27 - The Sea of Azov: Ukraine’s loss but hardly Russia’s gain 14/04 06:04 - Magyar's landslide victory over Orbán 'showed the limits of right-wing populism in Europe' 14/04 05:29 - Lebanon, Israel to meet for tough talks in Washington 14/04 05:29 - Lebanon and Israel to hold rare direct talks in Washington despite Hezbollah opposition 14/04 05:04 - Chris Mason: How Lammy and Vance's unlikely friendship is being utilised 14/04 05:01 - Holidays take a hit as UK cost of living fears and Iran war bite 14/04 05:00 - News24 | Furious Iran threatens Gulf neighbours as US blocks ports, oil prices dip below $100 14/04 04:52 - Three babies born into Sudan war every minute, charity warns 14/04 04:52 - Three babies born into Sudan war every minute, charity warns 14/04 04:19 - NSW promises more fast chargers and electric trucks in revamped EV policy 14/04 03:06 - News24 | ‘An eye for everything’: Queen Elizabeth’s iconic wardrobe on display at UK exhibition 14/04 02:12 - ‘Stagflationary shock’ from Iran war a ‘nightmare’ as confidence crashes among Australian households 14/04 01:32 - Iran demands reparations from Arab states 14/04 01:30 - Top US Senate Democrats again try for war powers resolution – as it happened 14/04 01:28 - Australia news live: Coalition to restrict home deposit scheme under hardline immigration plan; war shock a ‘central banker’s nightmare’, RBA says 14/04 01:22 - Middle East war live: China says US blockade of Iran ports 'dangerous and irresponsible' 14/04 01:10 - Ukraine war briefing: Hungary’s new leader says he would ask Putin to end the killing in Ukraine 14/04 00:39 - Hollywood stars unite to oppose Paramount and Warner Bros Discovery merger 14/04 00:23 - US starts naval blockade of Iranian ports after deadline passes 14/04 00:01 - Netanyahu slams ‘morally weak’ Europe on Holocaust Remembrance Day 14/04 00:00 - Iran war live: Trump says Tehran wants deal amid US blockade in Hormuz 14/04 00:00 - Iran war live: Trump says Tehran wants deal amid US blockade in Hormuz 13/04 23:41 - I do not fear Trump, says Pope Leo after US president calls him ‘weak’ 13/04 23:22 - Hungary’s opposition cheers Orban’s fall but faces challenging transition 13/04 22:53 - Amid War, G.O.P. Puts Off Testimony From Senior Pentagon Commanders 13/04 22:22 - EU doubles steel tariffs to 50% to curb surge of cheap Chinese imports 13/04 22:17 - Energy prices rise despite Jones Act suspension by Trump 13/04 22:17 - Energy prices rise despite Jones Act suspension by Trump 13/04 21:28 - Hungary's next PM would pick up if Putin calls and tell him to stop Ukraine war 13/04 21:13 - US losing AI drone race to Russia and China – NYT 13/04 21:05 - Philippines accuses China of using cyanide to poison South China Sea atoll 13/04 21:05 - Philippines accuses China of using cyanide to poison South China Sea atoll 13/04 20:52 - Trump vows US will 'eliminate' any Iranian ships defying blockade 13/04 20:46 - Trump threat to Iranian civilians 'wrong', Starmer says 13/04 20:46 - War in Iran could accelerate global energy transition 13/04 20:41 - Trump media company drops lawsuit against the Guardian 13/04 20:01 - 33 Wonderful Mother's Day Gifts Because Let's Be Honest, She Totally Deserves It 13/04 19:58 - Trump says he won't apologize to Pope Leo after criticism 13/04 19:47 - He Warned About the Dangers of A.I. If Only His Father Had Listened. 13/04 19:20 - Israelis war-weary but most oppose Iran ceasefire, poll suggests 13/04 19:17 - Lebanon will need '1 billion dollars just to keep humanitarian situation afloat', minister says 13/04 19:09 - 29 Ruthless, Ruthless, Ruthless Tweets About Donald Trump's Weird War With The Catholic Church 13/04 18:56 - Plans to change HS2 train size could reduce capacity and speed in north, says expert 13/04 18:56 - US-Israeli war on Iran could push 32 million into poverty – UN 13/04 18:53 - Israelis Don’t Feel Much Like Victors in War With Iran 13/04 18:52 - French court rules cement giant Lafarge guilty of funding Syria ‘terrorism’ 13/04 18:52 - French court rules cement giant Lafarge guilty of funding Syria ‘terrorism’ 13/04 18:50 - Flag, anthem restrictions dropped for Russian, Belarusian swimmers 13/04 18:50 - Flag, anthem restrictions dropped for Russian, Belarusian swimmers