Regulatory Alerts2026-03-19
Bank Rate Maintained at 3.75% – March 2026 Monetary Policy Summary and Minutes
The Bank of England’s Monetary Policy Committee unanimously maintained the Bank Rate at 3.75% in March 2026 to manage inflationary pressures stemming from a Middle East conflict that has sharply elevated global energy and commodity prices. This Strait of Hormuz disruption is expected to push near-term UK CPI inflation toward 3–3.5%, delaying its return to the 2% target while prompting close monitoring of potential second-round wage and price effects. The Committee will evaluate the shock’s duration and domestic economic slack ahead of its April meeting, standing ready to adjust policy as necessary to sustainably achieve the inflation target.
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