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GBP · LondonThe next monetary policy meeting of the Bank of England (BoE) will take place on Thursday 5 November 2026. Its Bank Rate stands at 3.75%, at this level since 18 December 2025.
The Bank of England sets Bank Rate at eight meetings a year. Its committee publishes the vote of each of its nine members, making it the most readable bank for a trader.
Updated on · sources: the central bank, the BIS and the national statistics office
Current rate (Bank Rate)
3.75%
Source: central bank statement
Last move
↓ Cut
le 18 December 2025
Annual inflation
3.2%
Target: 2% (IPC) · 2026-01
Next decision
5 November
in 13 days
The pound reacts as much to the vote split as to the decision itself: a close vote often signals the next move. Below, the rate the market expects after each meeting, and the probabilities of a hike, a hold or a cut, derived from today's OIS swaps.
How the projections are calculated is for members only
This tool is included in full access and in the terminal-only plan. The other tools on this page remain free to view.
Decision dates published by the bank. For two-day meetings, the date shown is the announcement day.
All eight banks on a single calendar: central bank calendar.
Five years of decisions: each step in the chart is a rate change. Source: Bank for International Settlements.
| Effective date | Bank Rate | Change |
|---|---|---|
| 22 December 2025 | 3.75 % | −25 bp |
| 14 August 2025 | 4.00 % | −25 bp |
| 16 May 2025 | 4.25 % | −25 bp |
| 13 February 2025 | 4.50 % | −25 bp |
| 13 November 2024 | 4.75 % | −25 bp |
| 6 August 2024 | 5.00 % | −25 bp |
| 8 August 2023 | 5.25 % | +25 bp |
| 29 June 2023 | 5.00 % | +50 bp |
| 19 May 2023 | 4.50 % | +25 bp |
| 27 March 2023 | 4.25 % | +25 bp |
| 6 February 2023 | 4.00 % | +50 bp |
| 23 December 2022 | 3.50 % | +50 bp |
| 4 November 2022 | 3.00 % | +75 bp |
| 27 September 2022 | 2.25 % | +50 bp |
| 5 August 2022 | 1.75 % | +50 bp |
| 17 June 2022 | 1.25 % | +25 bp |
| 6 May 2022 | 1.00 % | +25 bp |
| 24 March 2022 | 0.75 % | +25 bp |
| 3 February 2022 | 0.50 % | +25 bp |
| 22 December 2021 | 0.25 % | +15 bp |
The latest decisions, read in the official statements, with the names of the voters when the bank publishes them.
| Meeting | Decision | Rate | Vote |
|---|---|---|---|
| 17 September 2026 ↗ | maintien | 3,75 % | 6 for, 3 againstAgainst (for a hausse) : Megan Greene, Catherine L Mann, Huw PillFor: Andrew Bailey, Sarah Breeden, Swati Dhingra, Clare Lombardelli, Dave Ramsden, Alan Taylor |
| 30 July 2026 ↗ | maintien | 3,75 % | 6 for, 3 againstAgainst (for a hausse) : Megan Greene, Catherine L Mann, Huw PillFor: Andrew Bailey, Sarah Breeden, Swati Dhingra, Clare Lombardelli, Dave Ramsden, Alan Taylor |
| 18 June 2026 ↗ | maintien | 3,75 % | 7 for, 2 againstAgainst (for a hausse) : Megan Greene, Huw PillFor: Andrew Bailey, Sarah Breeden, Swati Dhingra, Clare Lombardelli, Catherine L Mann, Dave Ramsden, Alan Taylor |
| 30 April 2026 ↗ | maintien | 3,75 % | 8 for, 1 againstAgainst (for a hausse) : Huw PillFor: Andrew Bailey, Sarah Breeden, Swati Dhingra, Megan Greene, Clare Lombardelli, Catherine L Mann, Dave Ramsden, Alan Taylor |
| 19 March 2026 ↗ | maintien | 3,75 % | unanimous, 9 votes |
| 5 February 2026 ↗ | maintien | 3,75 % | 5 for, 4 againstAgainst (for a baisse) : Sarah Breeden, Swati Dhingra, Dave Ramsden, Alan TaylorFor: Andrew Bailey, Megan Greene, Clare Lombardelli, Catherine L Mann, Huw Pill |
Monetary Policy Committee
9 voters · 8 meetings a year · London
Nine members, one vote each, by simple majority; four come from outside the bank. The governor has the casting vote.
Named vote published
The statement publishes the named vote of the nine members at each meeting. It's the most readable of the eight committees: you know who wanted what, and since when.
