Interest rates set to remain at 3.75%, say experts

INTEREST rates being kept at 3.75% is a “near-certainty” as Bank of England policymakers hope to keep a lid on above-target inflation and an eye on economic growth, experts think.

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Most economists are expecting rates to be left unchanged when the Bank’s Monetary Policy Committee (MPC) announces its next decision on Thursday.

It will be the MPC’s first time setting interest rates this year after delivering a cut before Christmas.

Governor Andrew Bailey said at the time that the UK has “passed the recent peak in inflation and it has continued to fall”, allowing the MPC to reduce borrowing costs for the fourth time in 2025.