Bank of England Holds Interest Rates at 3.75% in Hawkish 6-3 Vote
The Bank of England kept its key interest rate unchanged at 3.75% in a 6-3 decision, with three policymakers voting for a rate increase while no member supported a cut.
The central bank projected UK inflation will peak at 3.2% in the fourth quarter before returning to its target in early 2028, warning the reading could rise to 4.5% if oil stays above $100. Policymakers stated rate cuts remain possible if inflation risks ease, with the committee noting it stands ready to act as necessary. The announcement followed a similar policy decision by the Federal Reserve.
From the sources (3 posts)
@deitaoneBOE HOLDS RATES, HAWKISH SPLIT The Bank of England kept its key rate unchanged at 3.75% in a 6-3 vote, with three policymakers backing a hike and none supporting a cut. The BOE expects inflation to peak at 3.2% in Q4 before returning to t
@firstsquawkBOE GUIDANCE: COMMITTEE `STANDS READY TO ACT AS NECESSARY' || BANK OF ENGLAND HOLDS KEY INTEREST RATE AT 3.75% IN 6-3 VOTE || BOE: UK INFLATION PEAKS AT 3.2% IN 4Q '26 IN CENTRAL PROJECTION
@ftBreaking news: The Bank of England has held interest rates at 3.75% in a widely expected decision that came a day after the US Federal Reserve kept borrowing costs on hold. Follow live updates: