The Monetary Policy Committee cut rates four times last year but 2026 is far more uncertain

The Bank’s Monetary Policy Committee (MPC) is set to keep interest rates at 3.75 per cent at a decision later this week.

Economists have suggested that the Bank’s next move on interest rates is likely to be a cut rather than a hike.

The Monetary Policy Committee cut rates four times last year but 2026 is far more uncertain

The Bank of England is expected to hold rates at 3.75% for the fourth straight meeting as Middle East tensions fuel sticky inflation. Here's what it means

The Bank of England held interest rates at 3.75 per cent today despite other central banks raising rates following the inflation shock caused by the Iran war.

The base rate affects the interest that is applied to mortgages, loans and saving accounts and is reviewed every six weeks by the Bank of England

The Bank of England's Monetary Policy Committee voted 7-2 to keep rates on hold.

Policymakers nonetheless said that a recent fall in energy prices meant it was no longer expecting inflation to go as high as it was in April.

The base rate has remained at 3.75 per cent since just before Christmas last year

The Bank of England has chosen to maintain interest rates at 3.75 percent, a decision that aligns with prevailing predictions among economists. Although consensus prevailed, a…

The Bank decided to keep rates unchanged at 3.75%, the fourth meeting in a row where rates have been held at this level.

The Bank of England held its benchmark rate at 3.75% in a 7-2 MPC vote, citing Middle East energy risks and 2.8% UK inflation amid cooling labor markets.