Bank of England meeting —
At its 30 July 2026 meeting, the Bank of England held its policy rate at 3.75%. The decision passed 6-3.
Decision
hold — 3.75% to 3.75%
Vote: 6-3
Key passages
At its meeting ending on 29 July 2026, the Monetary Policy Committee (MPC) voted by a majority of 6–3 to maintain Bank Rate at 3.75%. Three members voted to increase Bank Rate by 0.25 percentage points, to 4%.
Monetary policy cannot influence energy prices but is being set to ensure that the economic adjustment to them occurs in a way that achieves the 2% inflation target sustainably. The policy stance required to achieve this will depend on the scale and duration of the shock, and how it propagates through the economy including via financial conditions.
Meeting documents
Background reading
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