Bank of England Keeps Interest Rate Unchanged as Oil Prices Rise

The Bank of England voted 6–3 on 30 July 2026 to keep its key interest rate — the lever it uses to slow price rises — at 3.75%. Middle East conflict has pushed oil above $100 per barrel, spooking policymakers. UK inflation had eased to 2.6%, close to the 2% goal. Three members wanted a hike; none wanted a cut.