Bank of England holds Bank Rate at 3.75% for a fourth time as lenders keep trimming fixed deals

The Bank of England held Bank Rate at 3.75% on 18 June, its fourth consecutive hold, with inflation expected to stay just below 3% for most of 2026. Even without a base-rate move, easing swap rates have let lenders including NatWest and Barclays keep trimming fixed mortgage deals. For buyers, fixed pricing is drifting down regardless of the hold; for sellers, borrowing costs are easing at the margin, not transforming demand. The hold caps how far those cuts can run.