The Bank of England's Monetary Policy Committee (MPC) announced on April 30, 2026, its decision to maintain Bank Rate at 3.75%. This decision was published in the April 2026 Monetary Policy Summary and Minutes, confirming the central bank's current stance on interest rates.
Original release: Bank Rate maintained at 3.75% - April 2026 Monetary Policy Summary and Minutes
What was announced
The Bank of England's Monetary Policy Committee (MPC) maintained Bank Rate at 3.75% following its April 2026 meeting. This decision, detailed in the Monetary Policy Summary and Minutes, confirms a continuation of current monetary policy settings, aiming for stability in borrowing costs and financial conditions.
Why it matters for GBP and macro
Maintaining Bank Rate at 3.75% confirms an unchanged monetary policy, offering no immediate new impetus for the UK macro economy. For GBP, this signals a lack of fresh hawkish or dovish catalysts. The MPC's decision suggests current policy is deemed appropriately calibrated for inflation and activity, reducing rate expectation volatility and shifting focus to other economic data.
FX transmission and pairs to watch
An unchanged Bank Rate implies limited direct FX impact, with market expectations likely priced in
