Bank of England meeting —

At its 19 March 2026 meeting, the Bank of England held its policy rate at 3.75%. The decision passed 9-0.

Decision

hold — 3.75% to 3.75%

Vote: 9-0

Key passages

At its meeting ending on 18 March 2026, the Monetary Policy Committee (MPC) voted unanimously to maintain Bank Rate at 3.75%.

Unanimous hold confirms no immediate change, but no dissent suggests unity in waiting for more data.

CPI inflation will be higher in the near term as a result of the new shock to the economy.

Explicit acknowledgment that inflation will rise, pushing back against any dovish hopes of a cut soon.

Meeting documents

Background reading

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