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April 12, 2026 at 08:13 UTC
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Bank of England

GBP · Official Website

Latest Statement

⚖️ Neutral
Monetary Policy Summary and minutes of the Monetary Policy Committee meeting - March 2026
2026-03-01

The Bank of England's Monetary Policy Committee is set to release its summary and minutes from the March 2026 meeting, indicating ongoing discussions regarding the current monetary policy stance. The recent reduction of the Bank Rate to 3.75% in December 2025 reflects efforts to support economic stability amidst evolving financial conditions.

Bank Profile

Mandate
Price stability (2% CPI) and subject to that, support growth/employment
Decision Types
Bank Rate, Quantitative easing (Asset Purchase Facility), Forward guidance
Policy Instruments
Bank Rate, Asset Purchase Facility (APF), Term Funding Scheme, Countercyclical capital buffer
Target Indicators
CPI inflation (2%), GDP growth, Unemployment, Wage growth
Communication Style
Transparent vote splits, inflation projections with fan charts, minutes published with decision
Committee
Monetary Policy Committee (MPC) - 9 members (Governor, 4 internal, 4 external)

Economic Indicators

Policy Rate3.75%
GBP/USD1.3209
GDP Growth2.2%
M2 Growth3.8%
10Y Yield4.84%
2y10y Spread+0.73%
HISTORICAL TRENDS
Policy Rate
5.253.75
FX Rate
1.351.32
CPI
7.920.99
GDP
8.54-10.1
10Y Yield
5.014.35
2Y-10Y Spread
0.940.56
Stance
87.50.00

Key Commodities

Top traded commodities for United Kingdom

Commodity Price 1D 30D
Brent Crude Oil 127.61 USD/barrel +6.7% +74.4%
Natural Gas (EU) 11.19 USD/MMBtu -6.7% +4.4%

Recent Statements

Monetary Policy Summary and minutes of the Monetary Policy Committee meeting - February 2026 ⚖️ Neutral
2026-02-01
Bank Rate reduced to 3.75% - December 2025 Monetary Policy Summary and Minutes | Bank of England 🕊️ Dovish
2025-12-01
⚡ Rate
↑0 ↓3 →0
🔮 Guidance
↑3 ↓5
📝 Classified Sentences
🔮 Guidance Hawkishmp_inflation
"I remain concerned the disinflation process has slowed and may stall further."
🔮 Guidance Hawkishmp_inflation
"I continue to judge the risk of inflation stabilising at above-target levels owing to structural changes in price and wage-setting behaviour as greater than the risk of inflation undershooting the target owing to weak demand."
🔮 Guidance Hawkishmp_interest_rate
"This warrants a more cautious cadence of easing."
⚡ Rate Cutmp_interest_rate
"Bank Rate reduced to 3.75% - December 2025 Monetary Policy Summary and Minutes"
⚡ Rate Cutmp_interest_rate
"At its meeting ending on 17 December 2025, the Monetary Policy Committee voted by a majority of 5–4 to reduce Bank Rate by 0.25 percentage points, to 3.75%."
+6 more sentences
Bank Rate maintained at 4% - November 2025 Monetary Policy Summary and Minutes | Bank of England 🕊️ Dovish
2025-11-01
⚡ Rate
↑0 ↓2 →2
🔮 Guidance
↑0 ↓3
🗣 Dissent
↑0 ↓1
📝 Classified Sentences
⚡ Rate Cutmp_interest_rate
"Four members voted to reduce Bank Rate by 0.25 percentage points, to 3.75%."
🔮 Guidance Dovishmp_interest_rate
"If progress on disinflation continues, Bank Rate is likely to continue on a gradual downward path."
⚡ Rate Cutmp_interest_rate
"Four members preferred a 0.25 percentage point reduction in Bank Rate at this meeting."
🗣 Dissent Dovishmp_interest_rate
"Four members voted against this proposition, preferring to reduce Bank Rate by 0.25 percentage points, to 3.75%."
🔮 Guidance Dovishmp_interest_rate
"I judge that our policy stance continues to be restrictive and, based on my outlook, expect that a gradual removal of policy restraint will remain appropriate."
+3 more sentences
Bank Rate maintained at 4% - September 2025 | Bank of England 🦅 Hawkish
2025-09-01
⚡ Rate
↑0 ↓0 →2
🗣 Dissent
↑2 ↓4
💧 QE/QT
↑3 ↓0
📝 Classified Sentences
💧 Liquidity Tightmp_interest_rate
"The Committee voted by a majority of 7–2 to reduce the stock of UK government bond purchases held for monetary policy purposes, and financed by the issuance of central bank reserves, by £70 billion over the next 12 months, to a total of £488 billion."
💧 Liquidity Tightmp_economic_activity
"At its September 2025 meeting, the Committee considered the case for the Bank to reduce the stock of UK government bond purchases held for monetary policy purposes by £70 billion from October 2025 to September 2026, of which £21 billion would be through gilt sales."
🗣 Dissent Hawkishmp_economic_activity
"One member preferred to maintain the pace of QT at £100 billion over the coming year to provide continuity and consistency in the MPC’s approach."
🗣 Dissent Hawkishmp_economic_activity
"One member preferred a stock reduction of £100 billion."
💧 Liquidity Tightmp_economic_activity
"At this meeting, the MPC had voted to reduce the stock of UK government bond purchases held for monetary policy purposes by £70 billion over the 12-month period from October 2025 to September 2026."
+6 more sentences
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