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Bank of England reluctant to hike rates

Rates unlikely to lift in face of rising oil prices and a sluggish economy
James Roberts. (Avison Young)
James Roberts. (Avison Young)
By James Roberts
Avison Young
May 1, 2026 | 6:44 AM

Thursday saw the Bank of England Monetary Policy Committee leave the Base Rate on hold at 3.75%, mirroring the actions of the US Federal Reserve, the Bank of Canada and the European Central Bank at their respective policy meetings this week.

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