Bank of England Holds Rate at 3.75% — Third Consecutive Hold

The Bank of England's Monetary Policy Committee voted 8-1 to hold Bank Rate unchanged at 3.75% at its April 30, 2026 meeting — the third consecutive hold in 2026. With UK CPI inflation at 3.3% in March (above the 2% target), the MPC cited energy price pressures from Middle East geopolitical disruptions as a key headwind. One dissenting member voted to raise rates to 4.0%. The IMF had separately downgraded UK growth to 0.8% for 2026, reflecting broader global headwinds. The next rate decision is scheduled for 18 June 2026.