Policy rate · BoE
BoE interest rate: 4%
Bank of England (London): current Bank Rate, next meeting, what the market expects and recent decisions. Updated automatically.
Current rate
4%
Bank Rate
Last move
+25 bp
on November 5, 2026
Next meeting
December 17, 2026
The market mostly expects a hike (52%)
What the market expects for the next meetings
Probabilities derived from short-term interest rate futures.
| Meeting | Cut | Hold | Hike | Expected rate |
|---|---|---|---|---|
| December 17, 2026 | 0% | 48% | 52% | 4.13% |
| February 4, 2027 | 0% | 27% | 73% | 4.31% |
| March 18, 2027 | 0% | 69% | 31% | 4.39% |
| April 29, 2027 | 0% | 47% | 53% | 4.52% |
| June 17, 2027 | 0% | 74% | 26% | 4.59% |
| July 29, 2027 | 0% | 78% | 22% | 4.64% |
Recent decisions
- November 6, 20264% 0 bp
- November 5, 20264% +25 bp
- December 18, 20253.75% −25 bp
- August 7, 20254% −25 bp
- May 8, 20254.25% −25 bp
- February 6, 20254.5% −25 bp
- November 7, 20244.75% −25 bp
- August 1, 20245% −25 bp
- August 3, 20235.25%
BoE rate, in plain English
The Bank Rate is the main tool of the Bank of England. The Bank of England sets it 8 times a year to steer inflation and growth: raising it cools the economy and inflation, cutting it stimulates them.
The Bank of England's decisions are among the releases that move the British pound the most: before opening a position on a GBP pair, it helps to know when the next meeting is and what the market expects from it.
FAQ
- What is the Bank of England's interest rate today?
- The Bank of England's Bank Rate is 4%, since November 5, 2026.
- When is the Bank of England's next meeting?
- The Bank of England's next decision is due on December 17, 2026. The Bank of England meets 8 times a year to set its rate.
- How does the Bank of England's rate affect the British pound?
- A higher rate pays more on British pound deposits and tends to support it against other currencies; a cut does the opposite. What moves the price is not the decision itself but the gap between the decision and what the market expected.
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Get my free diagnosticOfficial sources: FRED (Federal Reserve Bank of St. Louis), ECB, Bank of England, Bank of Canada, Eurostat. This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.