Bank of England · Bank Rate
United Kingdom · GBP · Policy rate
The Bank of England’s Bank Rate is 3.75 %, last changed on 18 Dec 2025 when it was cut by 25 bp from 4.00 %. The next scheduled decision is on .
3.75 %
- Last change
- cut −25 bp·
- Previous rate
- 4.00 %
- Next decision
- Latest observation
- Source
- BIS + BoE
3.75 % ·
2 Nov 20210.00 – 5.25 %2 Nov 2026
Recent decisions
| Date | Rate | Change |
|---|---|---|
| 3.75 % | hold | |
| 3.75 % | hold | |
| 3.75 % | hold | |
| 3.75 % | hold | |
| 3.75 % | hold | |
| 3.75 % | hold | |
| 3.75 % | −25 bp | |
| 4.00 % | hold | |
| 4.00 % | hold |
Changes are dated by when they took effect; holds by the announcement day.
At a glance
- Economy
- United Kingdom
- Currency
- GBP
- Type
- Policy rate
- Set by
- Bank of England
- History since
- 1946
- Changes in the last 12 months
- 1
Questions and answers
- What is the current Bank of England interest rate?
- The Bank of England’s Bank Rate is 3.75 %, last changed on 18 Dec 2025 when it was cut by 25 bp from 4.00 %.
- When did the Bank of England last change its rate?
- On 18 Dec 2025, when the Bank Rate was cut by 25 bp to 3.75 % from 4.00 %.
- What did the Bank of England decide at its last meeting?
- On 17 Sep 2026 it held the Bank Rate at 3.75 %.
- When is the next Bank of England rate decision?
- The next scheduled announcement is on 5 Nov 2026.
Decisions by year since 2017
2026no net change
| Date | Rate | Change |
|---|---|---|
| 3.75 % | hold | |
| 3.75 % | hold | |
| 3.75 % | hold | |
| 3.75 % | hold | |
| 3.75 % | hold | |
| 3.75 % | hold |
2025net −100 bp
| Date | Rate | Change |
|---|---|---|
| 3.75 % | −25 bp | |
| 4.00 % | hold | |
| 4.00 % | hold | |
| 4.00 % | −25 bp | |
| 4.25 % | hold | |
| 4.25 % | −25 bp | |
| 4.50 % | hold | |
| 4.50 % | −25 bp |
2024net −50 bp
| Date | Rate | Change |
|---|---|---|
| 4.75 % | −25 bp | |
| 5.00 % | −25 bp |
2023net +175 bp
| Date | Rate | Change |
|---|---|---|
| 5.25 % | +25 bp | |
| 5.00 % | +50 bp | |
| 4.50 % | +25 bp | |
| 4.25 % | +25 bp | |
| 4.00 % | +50 bp |
2022net +325 bp
| Date | Rate | Change |
|---|---|---|
| 3.50 % | +50 bp | |
| 3.00 % | +75 bp | |
| 2.25 % | +50 bp | |
| 1.75 % | +50 bp | |
| 1.25 % | +25 bp | |
| 1.00 % | +25 bp | |
| 0.75 % | +25 bp | |
| 0.50 % | +25 bp |
2021net +15 bp
| Date | Rate | Change |
|---|---|---|
| 0.25 % | +15 bp |
2020net −65 bp
| Date | Rate | Change |
|---|---|---|
| 0.10 % | −65 bp |
2018net +25 bp
| Date | Rate | Change |
|---|---|---|
| 0.75 % | +25 bp |
2017net +25 bp
| Date | Rate | Change |
|---|---|---|
| 0.50 % | +25 bp |
Dates before 2021 are month precision (monthly BIS data).
Other rates in Europe
- Euro area · European Central Bank2.50 %
- Switzerland · Swiss National Bank0.00 %
- Sweden · Sveriges Riksbank1.75 %
- Norway · Norges Bank4.50 %
- Czechia · Czech National Bank3.75 %
- Denmark · Danmarks Nationalbank2.10 %
- Hungary · Magyar Nemzeti Bank5.50 %
- Iceland · Central Bank of Iceland8.00 %
- North Macedonia · National Bank of the Republic of North Macedonia4.25 %
- Poland · Narodowy Bank Polski3.75 %
- Romania · National Bank of Romania6.50 %
- Russia · Bank of Russia14.00 %
- Serbia · National Bank of Serbia5.75 %
- Türkiye · Central Bank of the Republic of Türkiye36.00 %
Source: BIS central bank policy rates, Bank of England. Latest observation 30 Oct 2026. Refreshed every 30 minutes.