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When is the next BoE interest rate decision?

The next Bank of England (BoE) interest rate decision will be announced on Thursday, 17 September 2026, at 12:00 noon UK time.

Euan Robb

Content Manager

Published 2026-08-01

What is the current Bank of England interest rate?

Current Bank Rate
3.75%
Last decision
30 July 2026 — held at 3.75%
Next decision
17 September 2026, 12:00 noon UK time

What date is the next Bank of England interest rate meeting?

Bank of England interest rate decision dates for 2026

Meeting dateStatus
5 February 2026—
19 March 2026—
30 April 2026—
18 June 2026—
30 July 2026—
17 September 2026Next decision
5 November 2026—
17 December 2026—

Each meeting concludes with an announcement at 12:00 (noon) UK time, detailing the MPC's decisions on interest rates and providing insights into the UK's monetary policy.

What time is the interest rate decision?

The Bank of England announces its interest rate decisions at 12:00 (noon) UK time on the day of announcement, usually a Thursday.

What happened at the latest BoE rate decision?

At its 30 July 2026 meeting, the MPC held Bank Rate at 3.75% — the fifth hold of the year, with no change to the rate since December 2025.

The BoE has continued to cite elevated global energy and commodity prices, geopolitical tensions, and above-target inflation as its rationale for holding.

What is the next Bank of England rate prediction?

Market expectations for future BoE decisions can change quickly. Expectations for the 17 September meeting remain uncertain and data-dependent.

  • A first cut of the year has repeatedly been pushed back as the MPC holds
  • Markets continue to price a cut as more likely in the second half of 2026
  • Elevated energy prices and inflation risk continue to weigh against near-term cut confidence

What is the 2026 outlook for Bank of England interest rates?

Most forecasts anticipate a gradual direction of travel through the rest of 2026.

  • Most forecasts anticipate 1–2 cuts before year-end
  • Bank Rate potentially declining to 3.25%–3.00% by late 2026
  • Some forecasts suggest only one cut, or none at all, based on how inflation trends

Why have rate predictions changed?

  • The BoE has held Bank Rate at 3.75% at every 2026 meeting so far amid inflation risks
  • Inflation is expected to remain above the 2% target in the near term
  • The Bank has signalled a “meeting-by-meeting approach” driven by incoming data

Rate prediction summary

  • Rate cuts are anticipated in 2026, with uncertain timing
  • A first cut is now more likely in the autumn, from September onwards
  • Bank Rate could fall from 3.75% to approximately 3.25%–3.00% by year-end

What did the Bank of England do with interest rates in 2025?

The Bank of England gradually reduced interest rates through 2025, cutting three times (May, August, December) and holding at other meetings, bringing Bank Rate down from 4.50% to 3.75% by year-end.

  • 6 February 2025: held at 4.50%
  • 20 March 2025: held at 4.50%
  • 8 May 2025: cut to 4.25%
  • 19 June 2025: held at 4.25%
  • 7 August 2025: cut to 4.00%
  • 18 September 2025: held at 4.00%
  • 6 November 2025: held at 4.00%
  • 18 December 2025: cut to 3.75%

Overall: three rate cuts, five holds, taking Bank Rate from 4.50% down to 3.75% across the year. The full change-by-change history is set out in the table below.

What has the Bank of England done with interest rates in 2026?

Five decisions have been made so far in 2026, all holds. The next decision is due on 17 September 2026 at 12:00 UK time.

DateOutcome
5 February 2026Held at 3.75%
19 March 2026Held at 3.75%
30 April 2026Held at 3.75%
18 June 2026Held at 3.75%
30 July 2026Held at 3.75%

Historical interest rates: the BoE's Bank Rate history

Every change to the Bank of England's Bank Rate, from the most recent cut back to the mid-1970s — sourced directly from the Bank of England's own published database.

Date changedRate (%)
18 Dec 20253.75%
07 Aug 20254%
08 May 20254.25%
06 Feb 20254.5%
07 Nov 20244.75%
01 Aug 20245%
03 Aug 20235.25%
22 Jun 20235%
11 May 20234.5%
23 Mar 20234.25%
02 Feb 20234%
15 Dec 20223.5%
03 Nov 20223%
22 Sep 20222.25%
04 Aug 20221.75%
16 Jun 20221.25%
05 May 20221%
17 Mar 20220.75%
03 Feb 20220.5%
16 Dec 20210.25%
19 Mar 20200.1%
11 Mar 20200.25%
02 Aug 20180.75%
02 Nov 20170.5%
04 Aug 20160.25%
05 Mar 20090.5%
05 Feb 20091%
08 Jan 20091.5%
04 Dec 20082%
06 Nov 20083%
08 Oct 20084.5%
10 Apr 20085%
07 Feb 20085.25%
06 Dec 20075.5%
05 Jul 20075.75%
10 May 20075.5%
11 Jan 20075.25%
09 Nov 20065%
03 Aug 20064.75%
04 Aug 20054.5%
05 Aug 20044.75%
10 Jun 20044.5%
06 May 20044.25%
05 Feb 20044%
06 Nov 20033.75%
10 Jul 20033.5%
06 Feb 20033.75%
08 Nov 20014%
04 Oct 20014.5%
18 Sep 20014.75%
02 Aug 20015%
10 May 20015.25%
05 Apr 20015.5%
08 Feb 20015.75%
10 Feb 20006%
13 Jan 20005.75%
04 Nov 19995.5%
08 Sep 19995.25%
10 Jun 19995%
08 Apr 19995.25%
04 Feb 19995.5%
07 Jan 19996%
10 Dec 19986.25%
05 Nov 19986.75%
08 Oct 19987.25%
04 Jun 19987.5%
06 Nov 19977.25%
07 Aug 19977%
10 Jul 19976.75%
06 Jun 19976.5%
06 May 19976.25%
30 Oct 19965.94%
06 Jun 19965.69%
08 Mar 19965.94%
18 Jan 19966.13%
13 Dec 19956.38%
02 Feb 19956.63%
07 Dec 19946.13%
12 Sep 19945.63%
08 Feb 19945.13%
23 Nov 19935.38%
26 Jan 19935.88%
13 Nov 19926.88%
16 Oct 19927.88%
22 Sep 19928.88%
05 May 19929.88%
04 Sep 199110.38%
12 Jul 199110.88%
24 May 199111.38%
12 Apr 199111.88%
22 Mar 199112.38%
27 Feb 199112.88%
13 Feb 199113.38%
08 Oct 199013.88%
06 Oct 198914.88%
08 Sep 198913.75%
04 Sep 198913.88%
31 Aug 198913.84%
25 May 198913.75%
25 Nov 198812.88%
25 Aug 198811.88%
08 Aug 198810.88%
21 Jul 198810.38%
07 Jul 19889.88%
24 Jun 19888.88%
10 Jun 19888.38%
03 Jun 19887.88%
17 May 19887.38%
08 Apr 19887.88%
17 Mar 19888.38%
01 Feb 19888.88%
03 Dec 19878.38%
04 Nov 19878.88%
23 Oct 19879.38%
06 Aug 19879.88%
08 May 19878.88%
28 Apr 19879.38%
18 Mar 19879.88%
09 Mar 198710.38%
15 Oct 198610.88%
23 May 19869.88%
18 Apr 198610.38%
11 Apr 198610.88%
19 Mar 198611.38%
15 Jan 198612.38%
26 Jul 198511.38%
11 Jul 198511.88%
19 Apr 198512.38%
28 Mar 198512.88%
20 Mar 198513.38%
28 Jan 198513.88%
14 Jan 198511.88%
23 Nov 19849.5%
19 Nov 19849.75%
05 Nov 198410%
17 Aug 198410.5%
16 Aug 198410.75%
09 Aug 198411%
08 Aug 198411.5%
11 Jul 198412%
06 Jul 198410%
29 Jun 19848.88%
10 May 19849.06%
14 Mar 19848.56%
07 Mar 19848.81%
03 Oct 19839.06%
10 Aug 19839.56%
09 Aug 19839.44%
14 Jun 19839.56%
13 Jun 19839.81%
14 Apr 198310.06%
13 Apr 198310.31%
15 Mar 198310.56%
12 Jan 198311%
26 Nov 198210%
02 Nov 19829.13%
01 Nov 19829.38%
12 Oct 19829.63%
30 Sep 198210.13%
29 Sep 198210.25%
28 Sep 198210.38%
27 Sep 198210.5%
27 Aug 198210.63%
26 Aug 198210.88%
25 Aug 198211%
24 Aug 198211.13%
17 Aug 198211.25%
16 Aug 198211.38%
04 Aug 198211.5%
02 Aug 198211.56%
30 Jul 198211.63%
29 Jul 198211.75%
28 Jul 198211.81%
26 Jul 198211.94%
21 Jul 198212.06%
13 Jul 198212.13%
12 Jul 198212.25%
09 Jul 198212.5%
08 Jun 198212.63%
20 Apr 198213.13%
19 Apr 198213%
16 Apr 198213.13%
10 Mar 198213.25%
25 Feb 198213.63%
22 Feb 198213.81%
22 Jan 198213.88%
21 Jan 198214%
20 Jan 198214.13%
19 Jan 198214.25%
18 Jan 198214.31%
04 Dec 198114.38%
25 Nov 198114.56%
09 Nov 198114.63%
06 Nov 198115.06%
28 Oct 198115.13%
12 Oct 198115%
15 Sep 198114%
25 Aug 198112.69%
11 Mar 198112%
25 Nov 198014%
03 Jul 198016%
15 Nov 197917%
13 Jun 197914%
05 Apr 197912%
01 Mar 197913%
08 Feb 197914%
09 Nov 197812.5%
08 Jun 197810%
15 May 19789%
08 May 19788.75%
12 Apr 19787.5%
09 Jan 19786.5%
28 Nov 19777%
17 Oct 19775%
10 Oct 19775.5%
19 Sep 19776%
12 Sep 19776.5%
15 Aug 19777%
08 Aug 19777.5%
16 May 19778%
02 May 19778.25%
25 Apr 19778.75%
18 Apr 19779%
12 Apr 19779.25%
31 Mar 19779.5%
21 Mar 197710.5%
10 Mar 197711%
03 Feb 197712%
31 Jan 197712.25%
24 Jan 197713.25%
10 Jan 197714%
29 Dec 197614.25%
20 Dec 197614.5%
22 Nov 197614.75%
07 Oct 197615%
13 Sep 197613%
24 May 197611.5%
26 Apr 197610.5%
08 Mar 19769%
01 Mar 19769.25%
09 Feb 19769.5%
02 Feb 197610%
26 Jan 197610.5%
19 Jan 197610.75%
05 Jan 197611%
29 Dec 197511.25%
01 Dec 197511.5%
17 Nov 197511.75%
06 Oct 197512%
28 Jul 197511%
05 May 197510%
21 Apr 19759.75%
24 Mar 197510%
10 Mar 197510.25%
17 Feb 197510.5%
10 Feb 197510.75%
27 Jan 197511%
20 Jan 197511.25%

What is the prediction for UK interest rates?

UK interest rates are expected to fall gradually in 2026, but the timing of cuts is uncertain, with forecasts suggesting 1–2 reductions and a potential year-end rate of 3.25%–3.00%, depending on inflation.

Following a run of holds through 2026, the MPC maintains a “gradual and careful” approach to easing, while warning that renewed inflation pressures — particularly from higher energy prices — could slow the pace of cuts once they begin.

  • Markets expect a gradual easing cycle with less timing certainty than earlier in the year
  • A first cut is now more likely from the September meeting onwards
  • Aggressive easing expectations have been scaled back due to inflation risks and energy price volatility

How often does the Bank of England review interest rates?

The BoE reviews interest rates eight times a year, approximately every six weeks. These reviews are conducted by the Monetary Policy Committee (MPC), which consists of nine members, including the BoE Governor.

The BoE can also hold emergency meetings to adjust GBP interest rates outside the normal schedule in response to unexpected economic shocks.

What is the next interest rate announcement?

The next interest rate announcement from the BoE is scheduled for Thursday, 17 September 2026, at 12:00 UK time. This is when the Bank's Monetary Policy Committee will reveal its decision on whether to hold, raise, or cut the current 3.75% Bank Rate.

How can the next BoE interest rate decision affect your business?

  • Rate cuts typically weaken GBP, affecting international businesses
  • Currency exposure on payments: FX swings can impact your bottom line
  • Overseas profit repatriation carries a reduced-margin risk
  • Global market competitiveness is affected — exports become cheaper, imports costlier
Protect your bottom line with hedging

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