Bank of England leaves interest rates on hold at 3.75%
Decision not to change rate comes despite signs inflation is rising amid the Iran war’s effects on fuel prices The Bank of England has left UK interest rates unchanged at 3.75%, despite signs that inflation is beginning to accelerate due to the impact of the Iran war. The Bank’s rate-setting monetary policy committee (MPC) voted to leave borrowing costs on hold at noon on Thursday, after its latest rate-setting meeting.
Governor says decision to keep rates at 3.75% reasonable given unpredictability of events unfolding in Middle East
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Why Bank kept rates on hold despite UK bracing for Trumpflation
The Bank of England has left interest rates unchanged at 3.75% but said the UK may need to brace for increases later this year, as “higher inflation is unavoidable” as a result of the war in the Middle East.
The Bank’s rate-setting monetary policy committee (MPC) voted to leave borrowing costs on hold, but said that if energy costs stayed persistently high it might have to take a more “forceful” response to keep inflation under control.
Coverage from 4 sources
- Bank of England leaves interest rates on hold at 3.75%Guardian - World · Tom Knowles · Apr 30, 2026, 11:01 AM
- Bank of England leaves interest rates on holdGuardian - World · Tom Knowles · Apr 30, 2026, 11:01 AM
- Bank of England warns ‘higher inflation is unavoidable’ after leaving interest rates on holdGuardian - World · Tom Knowles · Apr 30, 2026, 11:01 AM
- Bank of England warns ‘higher inflation unavoidable’ after holding interest ratesGuardian - World · Tom Knowles · Apr 30, 2026, 3:44 PM
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