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BoE Keeps 3.75% Rate, Inflation Hits 3.3%

4/30/2026

27 3 Full Breakdown

Summary

Bank of England Holds

The Bank of England will keep its Bank Rate at 3.75% on April 30, 2026.
UK consumer price inflation rose to 3.3% in March, up from 3% in February.
Rate-future markets price 75 basis points of hikes by December, with the first increase expected in July.
Two-year fixed mortgage rates fell to 5.81% after peaking at 5.90%.

Summary

ECB Rate Hike

The European Central Bank will raise its rate by 25 bp to 2.25% in June 2026.
ECB President Christine Lagarde said policymakers are ready to hike rates even if inflation spikes.
BNP Paribas expects a hold in April and a 25 bp hike in June unless energy prices drop.
Santander CFO José García Cantera said central banks are pausing, making any rise modest.

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Bank of England Holds

The Bank of England will keep its Bank Rate at 3.75% on April 30, 2026.
UK consumer price inflation rose to 3.3% in March, up from 3% in February.
Rate-future markets price 75 basis points of hikes by December, with the first increase expected in July.
Two-year fixed mortgage rates fell to 5.81% after peaking at 5.90%.

1 / 2