News · 30 July 2026
Bank of England keeps interest rates at 3.75% for fifth time
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Bank of England policymakers are expected to hold interest rates at 3.75% for the fifth time, a level unseen since February 2023. Global political and economic uncertainty, and concerns about rising prices like the 13% energy increase, are factors. While a hold helps tracker mortgages, fixed-rate deals are seeing increases, with the average new two-year fix now at 5.62%.
Reported by BBC · How we write briefs