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: 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

: 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. bank of england

: UK Consumer Prices Index (CPI) inflation rose to 3.3% in March 2026 , up from 3.0% in February, driven primarily by fuel prices. : Analysts largely expect another "hold" at 3

: The base interest rate is 3.75% , held steady since December 2025. : The base interest rate is 3

: 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