Interest rates expected to be held again by Bank of England
The Bank of England is expected to maintain interest rates at 3.75% for the fifth consecutive time. Policymakers are citing global economic uncertainty and inflationary pressures as reasons for this cautious, stable approach.
Why it matters
This decision directly impacts mortgage rates, loan costs, and savings returns for millions of UK residents, signaling a period of continued financial stability.
Image source, Getty Images By Kevin Peachey Cost of living correspondent Published 59 minutes ago UK interest rates are expected to be held at 3.75% for a fifth time by Bank of England policymakers.
Uncertainty over the the global political and economic outlook, and the impact on prices, means the Bank is likely to continue its cautious approach to rates.
Its Monetary Policy Committee (MPC) meets eight times a year, with its decisions heavily influencing how much borrowers are charged for loans and mortgages, as well as the returns available to savers.
The benchmark Bank rate is at its lowest level since February 2023, but few analysts predict any short-term changes.
The committee of five women and four men will announce their latest interest rate decision at 12:00 BST, with a hold the widespread expectation.
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