Bank of England meeting —

At its 18 June 2026 meeting, the Bank of England held its policy rate at 3.75%. The decision passed 7-2.

Decision

hold — 3.75% to 3.75%

Vote: 7-2

Key passages

At its meeting ending on 17 June 2026, the Monetary Policy Committee (MPC) voted by a majority of 7–2 to maintain Bank Rate at 3.75%. Two members voted to increase Bank Rate by 0.25 percentage points, to 4%.

Hold with two hawkish dissents signaling potential future hikes.

CPI inflation has fallen to 2.8% since the previous meeting, although it is expected to rise later this year as the effects of higher energy prices continue to pass through.

Inflation above target but falling; expected rise keeps pressure on MPC.

Meeting documents

Background reading

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