UK interest rates held as Bank of England warns of rising inflation concerns
The Bank of England has maintained the UK's interest rate at 3.75% amid growing concerns that inflation could rise above 6% due to higher energy and production costs linked to the conflict in the Middle East. The Monetary Policy Committee voted 8-1 to hold rates steady, acknowledging uncertainty in global energy markets and upward pressure on prices. While inflation had been trending toward the 2% target, recent geopolitical developments have disrupted earlier expectations of further rate cuts in 2026.
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NewsBusinessUK interest rates held - but Bank of England warns inflation could surge above 6%The bank rate has been held at this level since 22 December 2025Karl Matchett Business and Money Editor Thursday 30 April 2026 12:10 BSTBookmarkCommentsGo to commentsBookmark popoverRemoved from bookmarksClose popover{"translations":{"comments":"Go to comments","share":"Share","copyLink":"Copy link","bookmark":"Bookmark","removeBookmark":"Remove bookmark"},"showComments":true,"showBookmark":true,"articleId":"b2967895","articleMeta":{"url":"https://www.independent.co.uk/news/business/interest-rates-bank-of-england-uk-inflation-b2967895.html","title":"Latest interest rates announced by BoE amid warning over inflation surge"}}Starmer responds to pleas to lower price of Mini EggsYour support helps us…
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