The Bank of England held the bank rate at 3.75 per cent in March 2026, citing uncertainty from Middle East conflict-driven energy price spikes.
While inflation had been easing, rising oil and gas costs are expected to push CPI above 3 per cent in the near term.
The MPC warned of second-round inflation risks but also noted weaker growth, choosing to pause and assess before future policy moves.
While inflation had been easing, rising oil and gas costs are expected to push CPI above 3 per cent in the near term.
The MPC warned of second-round inflation risks but also noted weaker growth, choosing to pause and assess before future policy moves.
