Next release
Released 8 times per yearJul 30, 2026 11:00 UTC
in 39 days
Latest result
The most recent Bank of England Rate Decision (Jun 18, 2026) printed 3.75% versus 3.75% expected (previous 3.75%) — in line with forecast.
What it measures
This is the Bank of England's decision on UK interest rates, set by a nine-member committee that votes individually, so the split of the vote (for example seven to two) is watched as closely as the decision itself. It comes with the meeting minutes and, four times a year, a fuller report and a press conference. As with other central banks, the hints about the next move usually move the pound more than the decision.
Higher rates reward holding the pound, so a rise or a hint of more to come tends to lift it, while a cut or a softer tone weakens it. Two things are specific to the UK. First, British mortgages reset after only two or three years, much faster than in the US, so rate rises bite households quickly, which makes the Bank cautious about hiking and caps how far the pound can ride on higher rates. Second, the Bank watches services inflation and pay growth most, since those are the stubborn, home-grown part of inflation. There is also a tail risk unique to the pound: when investors doubt the government's grip on its finances, the pound can fall even as rates rise, the reverse of the usual rule, as happened in the 2022 budget crisis.
What a higher or lower Bank of England Rate Decision means for the GBP
A stronger-than-expected reading points to a more resilient economy or higher-for-longer rates, which tends to draw capital into the GBP.
Higher than forecast
An actual above the consensus forecast is typically bullish for the GBP.
Lower than forecast
An actual below the consensus forecast is typically bearish for the GBP.
Release history
Every release of Bank of England Rate Decision: actual vs forecast and the beat/miss outcome. Click a date for the full read of that release.
| Release | Actual | Forecast | Previous | Outcome |
|---|---|---|---|---|
| Jun 18, 2026 | 3.75% | 3.75% | 3.75% | inline |
| Apr 30, 2026 | 3.75% | 3.75% | 3.75% | inline |
| Mar 19, 2026 | 3.75% | 3.75% | 3.75% | inline |
| Feb 5, 2026 | 3.75% | 3.75% | 3.75% | inline |
| Nov 6, 2025 | 4% | 4.0% | 4% | inline |
| Sep 18, 2025 | 4% | 4% | 4% | inline |
| Aug 7, 2025 | 4% | 4.0% | 4.25% | inline |
| Jun 19, 2025 | 4.25% | 4.25% | 4.25% | inline |
| May 8, 2025 | 4.25% | 4.25% | 4.5% | inline |
| Mar 20, 2025 | 4.5% | 4.5% | 4.5% | inline |
| Feb 6, 2025 | 4.5% | 4.5% | 4.75% | inline |
| Dec 19, 2024 | 4.75% | 4.75% | 4.75% | inline |
| Nov 7, 2024 | 4.75% | 4.75% | 5% | inline |
| Sep 19, 2024 | 5% | 5.0% | 5% | inline |
| Aug 1, 2024 | 5.0% | 5.0% | 5.25% | inline |
| Jun 20, 2024 | 5.25% | 5.25% | 5.25% | inline |
| May 9, 2024 | 5.25% | 5.25% | 5.25% | inline |
| Mar 21, 2024 | 5.25% | 5.25% | 5.25% | inline |
| Feb 1, 2024 | 5.25% | 5.25% | 5.25% | inline |
| Dec 14, 2023 | 5.25% | 5.25% | 5.25% | inline |
| Nov 2, 2023 | 5.25% | 5.25% | 5.25% | inline |
| Sep 21, 2023 | 5.25% | 5.5% | 5.25% | below |
| Aug 3, 2023 | 5.25% | 5.25% | 5% | inline |
| Jun 22, 2023 | 5% | 4.75% | 4.5% | above |
| May 11, 2023 | 4.5% | 4.5% | 4.25% | inline |
| Mar 23, 2023 | 4.25% | 4.25% | 4% | inline |
| Feb 2, 2023 | 4% | 4% | 3.5% | inline |
| Dec 15, 2022 | 3.5% | 3.5% | 3% | inline |
| Nov 3, 2022 | 3% | 3% | 2.25% | inline |
| Sep 22, 2022 | 2.25% | 2.25% | 1.75% | inline |
| Aug 4, 2022 | 1.75% | 1.75% | 1.25% | inline |
| Jun 16, 2022 | 1.25% | 1.25% | 1% | inline |
| May 5, 2022 | 1% | 1% | 0.75% | inline |
| Mar 17, 2022 | 0.75% | 0.75% | 0.5% | inline |
| Feb 3, 2022 | 0.5% | 0.5% | 0.25% | inline |
| Dec 16, 2021 | 0.25% | 0.1% | 0.1% | above |
Frequently asked questions
- What is Bank of England Rate Decision?
- This is the Bank of England's decision on UK interest rates, set by a nine-member committee that votes individually, so the split of the vote (for example seven to two) is watched as closely as the decision itself. It comes with the meeting minutes and, four times a year, a fuller report and a press conference. As with other central banks, the hints about the next move usually move the pound more than the decision.
- What was the latest Bank of England Rate Decision reading?
- The most recent release (Jun 18, 2026) came in at 3.75%, versus a forecast of 3.75% and a previous 3.75% — in line with expectations.
- When is the next Bank of England Rate Decision?
- The next Bank of England Rate Decision is scheduled for Jul 30, 2026. It is released 8 times per year.
- What happens to the GBP if Bank of England Rate Decision is higher than expected?
- An actual reading above the consensus forecast is typically bullish for the GBP, while a reading below forecast is bearish for the GBP. A stronger-than-expected reading points to a more resilient economy or higher-for-longer rates, which tends to draw capital into the GBP.
- How does Bank of England Rate Decision affect the GBP?
- Higher rates reward holding the pound, so a rise or a hint of more to come tends to lift it, while a cut or a softer tone weakens it. Two things are specific to the UK. First, British mortgages reset after only two or three years, much faster than in the US, so rate rises bite households quickly, which makes the Bank cautious about hiking and caps how far the pound can ride on higher rates. Second, the Bank watches services inflation and pay growth most, since those are the stubborn, home-grown part of inflation. There is also a tail risk unique to the pound: when investors doubt the government's grip on its finances, the pound can fall even as rates rise, the reverse of the usual rule, as happened in the 2022 budget crisis.