Bank of England holds interest rates at 3.75% as inflation fears mount
Why This Matters
Key context: <p>Split vote comes as Iran war is rekindled and oil price climbs back above $90 a barrel</p><ul><li><p><a href="https://www.theguardian.com/business/live/2026/jul/30/ftse-100-record-federal-reserve-hold-kevin-warsh-iran-attacks-donald-trump-rolls-royce-shell-lloyds-bank-of-england-interest-rates-business-live-latest-updates">Business live – latest updates</a></p></li></ul><p>The Bank of England has kept UK interest rates on hold as it warned that a further escalation in the Iran war could drive inflation above 4% next year, adding to cost of living pressures on households.</p><p>Against a volatile backdrop in the Middle East conflict, the Bank’s monetary policy committee (MPC) voted by six to three to keep its key base rate at the current level of 3.75%.</p> <a href="https://www.theguardian.com/business/2026/jul/30/bank-of-england-holds-interest-rates-inflation-fears-mount">Continue reading...</a> This development from The Guardian highlights ongoing changes in the sector.
Split vote comes as Iran war is rekindled and oil price climbs back above $90 a barrelBusiness live – latest updatesThe Bank of England has kept UK interest rates on hold as it warned that a further escalation in the Iran war could drive inflation above 4% next year, adding to cost of living pressures on households.Against a volatile backdrop in the Middle East conflict, the Bank’s monetary policy committee (MPC) voted by six to three to keep its key base rate at the current level of 3.75%. Continue reading...
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