Bank Rate remains at 3.75% - March 2026 Monetary Policy Overview and Meeting Minutes
Monetary Policy Committee Decision – March 2026
The Monetary Policy Committee (MPC) concluded its meeting on 18 March 2026 with a unanimous decision to keep the Bank Rate steady at 3.75%.
Recent turmoil in the Middle East has led to a sharp rise in global energy and commodity prices. This surge is expected to impact household expenses for fuel and utilities, as well as indirectly increase business operating costs.
Before this development, domestic prices and wages had been experiencing a steady decline in inflation. However, the latest economic shock is projected to push CPI inflation higher in the short term.
While monetary policy cannot directly affect international energy prices, its role is to help the economy adapt to these changes.
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