: Wage growth has moderated but remains a watchpoint; private sector settlements are expected to average 3.4% in 2026 . Financial Stability and Risk Management Interest rates and Bank Rate: our latest decision
: The next rate decision is scheduled for Thursday, 30 April 2026 . bank of england
The Bank of England (BoE) is currently managing a complex economic environment shaped by recent geopolitical conflicts and evolving financial risks. As of late , the Bank maintains a cautious stance on monetary policy while reinforcing regulatory frameworks to ensure long-term financial stability. Monetary Policy and Interest Rates : Wage growth has moderated but remains a
: Economic growth remains subdued, with forecasts for 2026 revised down to roughly 0.5%–0.7% . Many economists view "stagflation"—low growth combined with high inflation—as a high risk for the UK. As of late , the Bank maintains a
: In the March 2026 meeting, the Monetary Policy Committee (MPC) voted unanimously to maintain the rate at 3.75%, citing new inflationary risks from Middle East energy price surges.
: The base interest rate is 3.75% , held steady since December 2025.
: Analysts largely expect another "hold" at 3.75% as the Bank assesses the impact of the ongoing Iran war on fuel and utility costs. Economic Outlook and Inflation