Interest rates expected to be held by Bank of England (opens original article in a new tab)

The Bank of England is expected to hold interest rates at 3.75% for the fourth consecutive meeting as UK inflation remains at 2.8% and analysts predict no further rate increases for the rest of the year. The European Central Bank recently raised rates due to inflation pressures from the Middle East conflict.

• Interest rates are expected to be held at 3.75% by the Bank of England for a fourth consecutive meeting
• UK inflation remained at 2.8% in May, with food price rises slowing to a 17-month low
• Analysts predict no further rate increases in the UK for the rest of the year, though uncertainty remains
• UK mortgage rates have risen since the start of the Iran war, with two-year fixed rates at 5.60% as of 17 June
• The European Central Bank raised rates for the first time in three years due to inflation pressures from the Middle East conflict