Bank of England leaves interest rates on hold at 3.75%
The Bank of England has kept interest rates unchanged at 3.75% despite rising inflation pressures linked to increased energy costs from the Iran conflict. The monetary policy committee voted 8-1 to hold rates steady, with only chief economist Huw Pill favoring a rate hike. The decision comes as inflation rose to 3.3% in March and follows six rate cuts since mid-2024, providing short-term relief amid ongoing cost of living challenges.
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Positive Money protesters gather outside the Bank of England urging it not to raise interest rates. Photograph: Vuk Valcic/ZUMA Press Wire/ShutterstockView image in fullscreenPositive Money protesters gather outside the Bank of England urging it not to raise interest rates. Photograph: Vuk Valcic/ZUMA Press Wire/ShutterstockInflation watchBank of EnglandBank 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 pricesTom KnowlesThu 30 Apr 2026 07.01 EDTLast modified on Thu 30 Apr 2026 07.02 EDTSharePrefer the Guardian on GoogleThe 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…
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