Bank of England holds rate at 3.75% (opens in new tab)

The Bank of England kept its benchmark interest rate at 3.75% on Thursday, continuing a pause that began in December 2025 and leaving rates unchanged for a fourth consecutive meeting. The Monetary Policy Committee voted 7-2 to hold rates, with Chief Economist Huw Pill and external member Megan Greene voting to raise the rate by 25 basis points to 4%. The decision followed official data showing UK CPI inflation at 2.8% in May, unchanged from April and below the 3.0% forecast in a Reuters poll ...