Regulatory Alerts2026-04-30
Bank Rate Maintained at 3.75% - April 2026 Monetary Policy Summary and Minutes
The Bank of England’s Monetary Policy Committee maintained the Bank Rate at 3.75% in April 2026, with eight members voting to hold and one advocating a 0.25 percentage point increase to 4%. This decision balances upside inflation risks from Middle East energy supply shocks and potential second-round wage and price pressures against downside demand weakness and recently tightened financial conditions. The Committee will closely monitor the shock’s propagation through the economy, standing ready to adjust policy as necessary to sustainably deliver the 2% inflation target.
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