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Bank of England holds interest rates at 3.75% despite rising inflation

The Guardian UK · 17 September 2026 at 12:00

Bank of England holds interest rates at 3.75% despite rising inflation

Policymakers keep steady course as jobs market comes under strain and Iran war pushes up energy costs Business live – latest updates The Bank of England has kept interest rates on hold despite growing concern over inflation as the Iran war pushes households into a fresh cost of living crisis.

Against a volatile backdrop in global markets as the fighting in the Middle East intensifies, the Bank’s monetary policy committee (MPC) voted to keep its key base rate at 3.75%.

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Bank of England holds interest rates at 3.75% despite rising inflation

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