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Economics3h 34m ago

The Bank of England's Monetary Policy Committee (MPC) is set to keep interest rates at 3.75 per cent at a decision later this week.

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United Kingdom

Who
Bank of England, Monetary Policy Committee (MPC), Sanjay Raja (Deutsche Bank), James Moberly (Goldman Sachs), Jack Meaning (Barclays), Huw Pill, Megan Greene, Clare Lombardelli, Catherine Mann, Philip Shaw (Investec)
What
The Bank of England's Monetary Policy Committee (MPC) is set to keep interest rates at 3.75 per cent at a decision later this week.
When
Mon, 15 Jun 2026 10:29:19 GMT · 3h 34m ago
Where
United Kingdom ·
Why
Policymakers are waiting for clearer evidence on the impact of the Iran war on UK inflation and whether the Strait of Hormuz can fully re-open for ships carrying crude oil and other key materials.
The Frontline Impact

How this affects you

The anticipated decision reflects uncertainty about global events like the Iran peace deal affecting commodities and UK inflation, potentially influencing economic forecasts and future interest rate trajectories for the UK and its partners. Investors are becoming more optimistic about interest rates not rising as high as previously thought despite expected elevated inflation.

Story chain

4 events in this thread
  1. Economics1h 12m ago
    Wall Street indexes rose after Washington and Tehran reached a preliminary agreement to end hostilities and reopen the Strait of Hormuz.
    Open article
  2. Economics2h 10m ago
    Sweden's central bank will keep its policy rate on hold later this week, but signal an increased chance of a hike later this year to keep a lid on price pressures sparked by the Iran war, a Reuters poll of economists showed on Monday.
    Open article
  3. Economics3h 34m ago
    The Bank of England's Monetary Policy Committee is expected to keep interest rates at 3.75 percent later this week.
    Open article
  4. Currently Reading3h 34m ago
    The Bank of England's Monetary Policy Committee (MPC) is set to keep interest rates at 3.75 per cent at a decision later this week.

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