United Kingdom · GBP
Bank of England: next decision, current Bank Rate, consensus
As of 15 September 2026.
The next Bank of England Bank Rate decision is scheduled for Thu 17 Sep 2026 at 11:00 UTC (12:00 Europe/London).
The Bank Rate is currently 3.75%, as published on 30 Jul 2026.
Bank of England rate facts
Every value is the latest published reading FXMacroData holds. A decision date appears only after the bank publishes it, and times are shown in UTC with the market-local time where the schedule supplies one.
| Current Bank Rate | 3.75% Latest published reading, 30 Jul 2026 |
|---|---|
| Last change | Unchanged in the readings held |
| Next decision (UTC) | Scheduled · local 17 Sep 12:00 (UTC+01:00) |
| Consensus | Not published |
| Meeting frequency | ~8x/year Published cadence for this series. FXMacroData never infers a decision date from a cadence rule. |
| Official source | Bank of England |
The full Bank Rate history, decision by decision, is on the United Kingdom policy rate page.
How Bank of England sets policy
The Bank of England's Monetary Policy Committee (MPC) sets Bank Rate — the benchmark interest rate that anchors borrowing costs, mortgage rates, and savings returns across the UK economy — at eight scheduled meetings per year. The MPC has nine voting members: five Bank insiders (the Governor and four Deputy Governors) and four external economists appointed by HM Treasury, and their individual votes are published simultaneously with the rate decision. The Bank's primary statutory objective is to maintain 2% CPI inflation, as defined by a remit letter from HM Treasury; a secondary objective of supporting economic growth and employment applies when consistent with the price stability goal. Four times a year — in February, May, August, and November — the MPC meeting is accompanied by a full Monetary Policy Report containing fan-chart forecasts for inflation, GDP, and unemployment, plus a press conference by the Governor that markets treat as a major rate-guidance event. When conventional rate policy reaches its limits the Bank can deploy quantitative easing (QE) or quantitative tightening (QT) through its Asset Purchase Facility, buying or selling UK gilts and corporate bonds to influence longer-term yields and financial conditions.
Common questions
When is the next Bank of England rate decision?
The next Bank of England Bank Rate decision is scheduled for Thu 17 Sep 2026 at 11:00 UTC, which is 17 Sep 12:00 (UTC+01:00) in the market's own time zone.
What is the current Bank of England Bank Rate?
The Bank of England Bank Rate is 3.75%, from the reading published on 30 Jul 2026.
How often does the Bank of England meet?
The Bank Rate series is published ~8x/year. FXMacroData publishes a decision date only after the bank confirms it, so a cadence never stands in for a date.
How do I get Bank of England decisions from the API?
Call GET /v1/announcements/gbp/policy_rate for the rate series with its release timestamps, and GET /v1/calendar/gbp?indicator=policy_rate for the upcoming decision date. USD is open without a key; other currencies need a subscription key.