UK Interest Rates Hold
Related coverage: 4 countries, 4 sources
This topic isn't active right now. Last covered Jul 30, 2026. See today's headlines.
The Bank of England maintained its benchmark interest rate at 3.75%, citing concerns over inflation and the impact of the Middle East crisis. This decision marks the fifth consecutive meeting where rates have been held steady, with elevated interest rates also dampening consumer credit in Nigeria.
Only the Middle East crisis is preventing a drop in UK interest rates
The Bank of England has decided to maintain its benchmark interest rate at 3.75%, citing the ongoing Middle East crisis as a key reason for its caution. This decision stems from worries that the conflict could prolong high oil prices, thereby posing a significant inflationary threat to the UK economy. Top central bankers within the UK believe the geopolitical situation in the Middle East is the cr…
Bank of England holds interest rates at 3.75%, citing Middle East price uncertainty
The Bank of England (BOE) opted to keep its benchmark interest rate unchanged at 3.75% on Thursday, continuing its pause on monetary tightening. This decision follows a pattern established since Decem…
Nigeria's consumer credit drops 20% to N3.8tn amid high interest rates
Nigeria's consumer credit landscape experienced a significant contraction in 2025, declining by 19.89 percent to N3.78 trillion from N4.72 trillion the previous year. This marks the first decrease in …
US central bank holds interest rates steady amid inflation concerns
The U.S. Federal Reserve's Federal Open Market Committee (FOMC) has decided to maintain its benchmark interest rate at the 3.50–3.75 percent range, a move widely anticipated by markets. The committee'…
US borrowing costs hit 19-year high as Fed holds interest rates
The cost of borrowing for the US government has surged to its highest point since 2007, following the Federal Reserve's decision to maintain its benchmark interest rate. The yield on 30-year US Treasu…