Bank of England holds rates at 3.75% as it waits for 'cloudy' data to clear

'Wait and see approach'

Michael Nelson
clock • 3 min read
Bank of England holds rates at 3.75% as it waits for 'cloudy' data to clear

The Bank of England's (BoE) Monetary Policy Committee (MPC) has voted to leave interest rates unchanged at 3.75% in its first meeting of 2026, a move widely expected by analysts and markets.

In today's (5 February) meeting, five MPC members opted to hold rates while the remaining four voted to reduce rates by 25bps to 3.5%. Markets priced in a 96% chance of the BoE making no changes...

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