Bank of England holds rates at 3.75% as prior tightening does the heavy lifting
The Bank of England has decided to maintain its interest rate at 3.75%, reflecting a cautious approach amid ongoing inflation concerns. An 8-1 vote by the Monetary Policy Committee indicates a divide in opinions on the effectiveness of previous rate hikes. The inflation rate currently stands at 2.8%, above the target, with projections suggesting potential increases due to rising energy costs.
- ▪The Bank of England held its benchmark interest rate at 3.75% on April 30.
- ▪The inflation rate in the UK is currently at 2.8%, above the Bank's 2% target.
- ▪The next Monetary Policy Committee meeting is scheduled for June 18, 2026.
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Bank of England holds rates at 3.75% as prior tightening does the heavy lifting An 8-1 MPC vote keeps borrowing costs steady while inflation sits uncomfortably above target at 2.8%. Share Add us on Google by Editorial Team May. 29, 2026 window.sevioads = window.sevioads || []; var sevioads_preferences = []; sevioads_preferences[0] = {}; sevioads_preferences[0].zone = "01f21ccf-2092-46b1-9ac7-8c44cc782e0f"; sevioads_preferences[0].adType = "native"; sevioads_preferences[0].inventoryId = "c5700508-581b-472c-8fdd-a931cdbfc8e1"; sevioads_preferences[0].accountId = "1e47efc1-ec2d-4fca-a8b9-354e249e5095"; sevioads.push(sevioads_preferences); The Bank of England opted to keep its benchmark interest rate parked at 3.75% on April 30, choosing patience over action in a monetary policy environment…
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