When is the next Bank Rate decision? Thursday 5 November 2026
The bank’s list shows the date and whether a Monetary Policy Report follows, but gives no time for the announcement.
The Bank of England will announce its next decision on Bank Rate on Thursday 5 November 2026, according to the Monetary Policy Committee dates the bank has published.
Bank Rate stands at 3.75%, which the bank describes as “the core interest rate in the UK”.
The committee last announced a decision on 17 September 2026, voting to hold Bank Rate at 3.75%.
The vote was 6–3. The three members in the minority wanted to raise Bank Rate by 0.25 percentage points, to 4%.
Dates for the rest of 2026 and early 2027
| Date | Monetary Policy Report |
|---|---|
| Thursday 5 November 2026 | Yes |
| Thursday 17 December 2026 | No |
| Thursday 4 February 2027 | Yes |
| Thursday 18 March 2027 | No |
The 5 November announcement is listed with a Monetary Policy Report; 17 December is listed without one. The dates page gives no time of day for any announcement.
Inflation since the last decision
On 21 October 2026 the Office for National Statistics (ONS) reported that the Consumer Prices Index (CPI) rose by 3.5% in the 12 months to September. That is up from 3.1% in August, and transport, particularly motor fuels, made the largest upward contribution to the rise in the annual rate.
The bank had already written in its September summary that CPI inflation “increased to 3.1% in August and is likely to rise further over coming quarters”. Policy, it said, is being set to “ensure inflation comes down to 2% sustainably”.
The dates page says nothing about what the committee will decide on 5 November.
What a change in Bank Rate does
“Higher interest rates mean higher payments on many mortgages and loans”, the bank says on its Bank Rate page. Saving also becomes more attractive, because the returns are higher. Lower rates, the page adds, can have the reverse effect: payments on mortgages and loans go down and savers get a smaller return.
Questions and answers
How many Bank Rate announcements are there in 2026?
The bank’s list has eight dates for 2026. Two are still to come: 5 November and 17 December.
Does the 5 November decision come before the next inflation figures?
Yes. The ONS lists its next CPI release for 18 November 2026, 13 days after the committee announces its decision.
When is the November meeting in 2027?
Thursday 4 November 2027, one day earlier in the month than this year’s.
