Before the war, it was largely expected that the central bank would cut rates
Economists warn the war could upend forecasts, depressing growth, stoking inflation and increasing debt
The central bank last cut its key rate in December
Starmer has said that generating economic growth is his government's central mission
Economists are split on whether a cut will follow in November
Bank of England seen as likely to keep rates steady
Bank holds rate at 4.25% amid Middle East tensions and global uncertainty
Jump in energy and water bills drives inflation to 3.5% in April
Strong services sector drove 0.7% Q1 rise in GDP
Cut to 4.25% comes even though the central bank expects a short-term rise in inflation