Banks › Bank of England › History › 18 Jun 2026
Bank of England: decision of 18 June 2026
The Bank of England's Monetary Policy Committee kept Bank Rate at 3.75% by a 7–2 vote.
Decision
hold
- Rate
- 3.75%=3.75%
- Change
- 0 bp
- Vote
- 7–2
- Announced
- 12:00 London time
Sources
- Statement
- bankofengland.co.uk/monetary-policy-summary-and-m…
- Governor's interview transcript
- bankofengland.co.uk/news/2026/june/the-governor-i…
- Recorded
- 18 Jun 2026
- Data
- JSON
What the bank said
The MPC said global energy prices had fallen since the previous meeting but remained higher than before the conflict in the Middle East and volatile.
It said CPI inflation had fallen to 2.8% but was expected to rise later in the year, and that the risk of second-round effects grew the longer higher energy prices persisted.
It said the labour market continued to loosen and that higher interest rates faced by households and businesses would act to reduce inflation over time.
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
Megan Greene and Huw Pill voted to raise Bank Rate by 0.25 percentage points, to 4%.
Before and after
- Previous decision: 30 Apr 2026, held the Bank Rate at 3.75%.
- Next decision: 30 Jul 2026, held the Bank Rate at 3.75%.
- All Bank of England decisions and the rate history