BoE Keeps Key Interest Rate at 3.75% for Fifth Time This Year

The Bank of England (BoE) has kept its key interest rate at 3.75% for the fifth time this year, as announced by Governor Andrew Bailey on July 30, 2026.

This decision was made during the Monetary Policy Report press conference in London, where Bailey and Deputy Governors Clare Lombardelli and Dave Ramsden were present.

The BoE's key interest rate has been a topic of discussion in recent months, with some predicting that it would be increased to combat inflation. However, Bailey stated that the rate remains unchanged at 3.75%, citing the current economic conditions as the reason for this decision.