Will interest rates go down today? Bank of England’s key factors and 2026 predictions (opens original article in a new tab)

The Bank of England's next interest rate meeting on 18 June is expected to maintain the 3.75% rate due to uncertainty from the Iran conflict and oil price increases, with analysts predicting limited future cuts.

• Bank of England's next interest rate meeting is on 18 June with expectations of a hold at 3.75% due to uncertainty from the Iran war and oil prices.
• Analysts predict only three total rate cuts in the current cycle, with the neutral rate potentially higher at 3% compared to previous cycles.
• The MPC considers factors like inflation, unemployment, and global events, with the Iran conflict affecting energy costs and inflation outlook.
• Market predictions for 2026 are uncertain, with potential for one cut or three hikes depending on Middle East developments.