Banks › Bank of England › History › 19 Mar 2026
Bank of England: decision of 19 March 2026
The Bank of England's Monetary Policy Committee voted unanimously to keep Bank Rate at 3.75%.
Decision
hold
- Rate
- 3.75%=3.75%
- Change
- 0 bp
- Vote
- unanimous
- Announced
Sources
- Statement
- bankofengland.co.uk/monetary-policy-summary-and-m…
- Recorded
- 19 Mar 2026
- Data
- JSON
What the bank said
The MPC said the conflict in the Middle East had caused a significant increase in global energy and other commodity prices, which would raise CPI inflation in the near term.
It said that before this there had been continued disinflation in domestic prices and wages, and that it was alert to the risk of second-round effects in wage and price-setting while also assessing the likely weakening in activity.
Guidance. The Committee said it would monitor the situation in the Middle East closely and stands ready to act as necessary to keep CPI inflation on track to meet the 2% target in the medium term.
Before and after
- Previous decision: 5 Feb 2026, held the Bank Rate at 3.75%.
- Next decision: 30 Apr 2026, held the Bank Rate at 3.75%.
- All Bank of England decisions and the rate history