Bank of England meeting —
At its 5 February 2026 meeting, the Bank of England lowered its policy rate from 4.00% to 3.75%. The decision passed 5-4.
Decision
cut — 4.00% to 3.75%
Vote: 5-4
Key passages
At its meeting ending on 4 February 2026, the Monetary Policy Committee voted by a majority of 5–4 to maintain Bank Rate at 3.75%. Four members voted to reduce Bank Rate by 0.25 percentage points, to 3.5%.
Although above the 2% target currently, CPI inflation is expected to fall back to around the target from April, owing to developments in energy prices including from Budget 2025.
Meeting documents
Background reading
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