LONDON DAILY ARCHIVE

Bank of England Holds Rates at 3.75% as Middle East Energy Shock Raises Inflation Risks

The Bank of England kept its benchmark rate unchanged at 3.75% but warned that persistently higher oil and gas prices could require tighter monetary policy, with inflation projected to rise above 4% in early 2027 if the energy shock persists.

20 September 2026 · 09:28 UTC