Bank of England meeting —
At its 30 April 2026 meeting, the Bank of England held its policy rate at 3.75%. The decision passed 8-1. unknown dissented, preferring a hike.
Decision
hold — 3.75% to 3.75%
Vote: 8-1
Dissenters
- unknown — preferred hike
Key passages
At its meeting ending on 29 April 2026, the Monetary Policy Committee (MPC) voted by a majority of 8–1 to maintain Bank Rate at 3.75%. One member voted to increase Bank Rate by 0.25 percentage points, to 4%.
CPI inflation has increased to 3.3%, and is likely to be higher later this year as the effects of higher energy prices pass through. There is a risk of material second-round effects in price and wage-setting, which policy would need to lean against.
Meeting documents
Background reading
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