Bank of England holds Bank Rate at 3.75%

The Bank of England’s Monetary Policy Committee has announced that it held Bank Rate at 3.75% at its 29 July 2026 meeting.

• The MPC voted 6–3 to keep Bank Rate unchanged, with three members preferring a 0.25 percentage point increase to 4%.
• The report says the decision reflects volatile Middle East energy prices, ongoing disinflation, and concern about potential second-round inflation effects; it also notes the Committee is ready to act if needed.
• This is a policy announcement and analytical report, not merely commentary. The document also includes background analysis on inflation, activity, financial conditions, QT, and scenarios for the UK economy.