The Bank of England holds interest rates steady, with Governor Andrew Bailey calling the current level a reasonable place. The committee warns of potential second-round inflation effects and confirms it stands ready to adjust policy as needed.

Bank of England holds key rate steady, warns of possible future hikes as Middle East conflict stokes inflation.

The Bank of England left its key interest rate unchanged and signaled it may soon raise borrowing costs to contain an inflation surge triggered by the Middle East conflict.

Bank of England's Monetary Policy Committee votes 8-1 to keep interest rate at 3.75%.

The Bank of England's Monetary Policy Committee voted 8-1 to keep the interest rate at 3.75%.

The Bank of England holds interest rates at 3.75% as policymakers assess the economic impact of the Iran conflict and the closure of the Strait of Hormuz.

The Bank of England has maintained its benchmark interest rate at 3.75% as officials evaluate the economic consequences of the ongoing conflict in Iran and the closure of the Strait of Hormuz.

BOE cuts 2027 GDP growth forecast to 0.8%-1.0%, down from 1.5%

Bank of England forecasts 2027 GDP growth of 0.8%-1.0% under different scenarios, down from the February central projection of 1.5%.