Bank of England

The Bank of England maintained its Bank Rate at 3.75% in September 2026, with a 6-3 majority vote, as it navigates elevated energy prices from Middle East conflict and rising inflation. The MPC remains vigilant against second-round wage and price effects while acknowledging that activity has been stronger than expected, with the committee standing ready to act if necessary to ensure inflation returns to the 2% target. Additionally, the MPC unanimously approved a quantitative tightening plan to unwind government bond holdings to zero by 2034.

• Bank Rate held at 3.75% with 6-3 vote; three members dissented in favor of a 0.25% increase to 4%
• UK CPI inflation rose to 3.1% in August and expected to rise further due to elevated energy prices from Middle East conflict, with upside risks to inflation outlook
• MPC unanimously approved quantitative tightening plan to reduce gilt holdings to zero by end of 2034 through £20 billion annual sales plus maturing bonds
• Committee notes stronger-than-expected economic activity but expects higher interest rates and soft labor market conditions to help reduce inflation over time

Bank Profile

Economic Indicators

Key Commodities

Top traded commodities for United Kingdom

Recent Statements