Will interest rates go down tomorrow? Bank of England’s key factors and 2026 predictions
The Bank of England's Monetary Policy Committee is meeting on 30 April 2026 to decide on interest rates, currently at 3.75% after four cuts in 2025. The ongoing conflict in Iran has disrupted earlier expectations of further rate cuts, as rising oil prices threaten to increase inflation. Analysts now expect the rate to be held steady, with uncertainty surrounding future moves through 2026.
- ▪The Bank of England's base rate is currently 3.75%, following four cuts in 2025.
- ▪The war in Iran has caused oil prices to rise, increasing inflation risks and affecting rate decisions.
- ▪Analysts believe the neutral interest rate may now be around 3%, limiting the number of future cuts.
- ▪Earlier expectations of multiple rate cuts in 2026 have been disrupted by geopolitical events.
- ▪The MPC is expected to hold rates steady at 3.75% in its April 2026 meeting due to economic uncertainty.
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MoneyWill interest rates go down today? Bank of England’s key factors and 2026 predictionsThe Monetary Policy Committee cut rates four times last year but 2026 is far more uncertainKarl Matchett Business and Money Editor Thursday 30 April 2026 10:16 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":"CF1:2941669To1","articleMeta":{"url":"https://www.independent.co.uk/money/interest-rates-march-inflation-bank-of-england-mpc-b2967026.html","title":"Will interest rates go down today? Key factors and 2026 predictions"}}Gabriel Nussbaum on five money habits worth…
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