Bank of England Holds Interest Rate at 3.75 Percent

The BoE said the British economy is estimated to have grown by 1.4 percent in 2025, slightly below its previous forecast of 1.5 percent for the year.

Bank of England Governor Andrew Bailey arrives to address the Monetary Policy Report Press Conference at The Bank of England, in London, on Nov. 4, 2021. Justin Tallis/ Reuters

The Bank of England (BoE) kept its benchmark interest rate unchanged at 3.75 percent on Feb. 5, saying inflation is falling faster than expected but warning that risks to the outlook remain as the economy slows and unemployment rises.

The decision to maintain the rate, announced by the central bank’s Monetary Policy Committee (MPC), was made in a 5–4 vote.