Banks › Bank of England › History › 30 Apr 2026
Bank of England: decision of 30 April 2026
The Bank of England's Monetary Policy Committee kept Bank Rate at 3.75% by an 8–1 vote.
Decision
hold
- Rate
- 3.75%=3.75%
- Change
- 0 bp
- Vote
- 8–1
- Announced
Sources
- Statement
- bankofengland.co.uk/monetary-policy-summary-and-m…
- Monetary Policy Report
- bankofengland.co.uk/monetary-policy-report/2026/a…
- Recorded
- 30 Apr 2026
- Data
- JSON
What the bank said
The MPC said CPI inflation had increased to 3.3% and was likely to be higher later in the year as higher energy prices passed through, with a risk of material second-round effects.
It said the labour market continued to loosen, a weakening economy could contain inflationary pressures, and financial conditions had tightened since the conflict in the Middle East began.
Guidance. The Committee said it stands ready to act as necessary to ensure that CPI inflation remains on track to meet the 2% target in the medium term.
Dissent
Huw Pill voted to raise Bank Rate by 0.25 percentage points, to 4%.
Before and after
- Previous decision: 19 Mar 2026, held the Bank Rate at 3.75%.
- Next decision: 18 Jun 2026, held the Bank Rate at 3.75%.
- All Bank of England decisions and the rate history