The Bank of England is holding its main interest rate at 3.7% as the inflation pressures on the British economy have become more benign after the U.S. and Iran signed a deal to sign deal to end their war

Stay up to date with notifications from The IndependentNotifications can be managed in browser preferences.Jump to contentThank you for registeringPlease refresh the page or…

New inflation data has reinforced expectations that policymakers will not need to increase interest rates at the next announcement on Thursday.

The base rate has been at 3.75 per cent since December 2025

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