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No relief for borrowers as bank rate holds at 3.75%
31 July 2026
The Bank of England Monetary Policy Committee (MPC) has voted by a majority of 6–3 to maintain bank rate at 3.75%. Three members voted for a 0.25 percentage points increase, to 4%. Bank of England governor Andrew Bailey said: “Inflation has fallen faster than we’d expected, but the conflict in the Middle East continues to mean high and volatile energy
No relief for borrowers as bank rate holds at 3.75%
31 July 2026
The Bank of England Monetary Policy Committee (MPC) has voted by a majority of 6–3 to maintain bank rate at 3.75%. Three members voted for a 0.25 percentage points increase, to 4%. Bank of England governor Andrew Bailey said: “Inflation has fallen faster than we’d expected, but the conflict in the Middle East continues to mean high and volatile energy
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