The Bank of England voted to keep its key interest rate on hold at 3.75% on Thursday

The decision to keep rates steady came in a split 6-3 vote, and was in line with Reuters-polled analysts' estimates.

The interest rate set by the Bank of England affects mortgage, loan and savings rates for millions.

Future base rate changes are hard to predict as analysts judge the economic impact of the Iran war.

The bank rate has been held at this level since 22 December 2025

Bank governor says latest MPC decision is reasonable given unpredictability of events unfolding in Middle East

The Bank of England voted to keep its key interest rate on hold at 3.75% on Thursday

The European Central Bank kept interest rates on hold at its April meeting, despite a surge in inflation in the euro zone since the war in Iran began.

The Bank's latest meeting reveals some interesting details on how our finances might be affected due to the Iran war.