Thu, 05 Feb 2026

Thu, 05 Feb 2026 Bank of England expected to hold interest rates

Interest rates were cut to 3.75% in December and analysts expect at least one further reduction this year.
Bank of England Meeting
* Interest rates expected to remain unchanged
* Bank rate currently at 3.75%
* MPC meeting on Thursday, analysts predict no change
* Inflation remains above target at 3.4%
* Little data suggests no immediate need for rate cut
* Some analysts expect one or two rate cuts later in the year Impact on Mortgages and Savings
* One million households with tracker mortgages may see changes
* Fixed mortgage rates have fallen, but lenders face broader pressures
* Over two-thirds of savings providers have cut interest rates since January
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