Forex
Bank of England Keeps Interest Rates on Hold Amid Inflation Fears
The Bank of England's Monetary Policy Committee (MPC) maintained the UK bank rate at 3.75% in its July 2026 meeting, with a majority vote of 6-3.
Three members voted to increase the rate by 0.25 percentage points to 4%, but their proposal was rejected.
The MPC cited ongoing uncertainty surrounding the economic impact of higher energy prices caused by the Middle East conflict as its reasoning for keeping rates steady.