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Bank Rate maintained at 3.75% - March 2026 Monetary Policy Summary and Minutes
At its meeting ending on 18 March 2026, the Monetary Policy Committee (MPC) voted unanimously to maintain Bank Rate at 3.75%. Conflict in the Middle East has caused a significant increase in global energy and other commodity prices, which will affect households’ fuel and utility prices and have indirect effects via businesses’ costs. Prior to this, there had been continued disinflation in domestic prices and wages. CPI inflation will be higher in the near term as a result of the new shock to the economy. Monetary policy cannot influence global energy prices but aims to ensure that the economic adjustment to them ... (full story)
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*BANK OF ENGLAND HOLDS KEY INTEREST RATE AT 3.75% IN 9-0 VOTE
— Mario Cavaggioni (@CavaggioniMario) March 19, 2026
*BOE SAYS ALL MEMBERS 'STAND READY TO ACT' TO CONTAIN INFLATION
*BOE SEES INFLATION AT OVER 3% IN FEBRUARY, NEAR 3.5% IN MARCH
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Bank of England votes unanimously to keep rates on hold as Iran war clouds outlook
The Bank of England’s Monetary Policy Committee has voted “unanimously” keep its benchmark interest rate on hold at 3.75% on Thursday. Before the war in Iran erupted in late February, the BOE had been expected to cut its key interest rate, known as ‘Bank Rate,’ at its March meeting, but the conflict has sent global energy prices soaring, clouding the outlook for inflation and growth. “Conflict in the Middle East has caused a significant increase in global energy and other commodity prices, which will affect households’ fuel and utility prices and have indirect effects via businesses’ costs,” the BOE ... (full story)
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