FX.co ★ Bank of England Holds Interest Rate at 3.75% in July, Extending Pause in Policy Tightening

The Bank of England (BoE) has left its key interest rate unchanged at 3.75% in July 2026, maintaining the same level set in June 2026. The decision signals a continued pause in policy moves as the central bank assesses the impact of previous tightening on the UK economy.

With July marking the second consecutive month at 3.75%, the BoE appears to be in a holding pattern while it monitors economic data and financial conditions. The unchanged rate suggests policymakers are weighing the risks between inflation dynamics and growth prospects, opting for stability in borrowing costs for now.

The latest data, updated as of 30 July 2026, confirms that the headline policy rate remains at 3.75%, keeping financial markets and borrowers aligned with expectations of a short-term steady interest-rate environment in the United Kingdom.