Banks › Bank of England › History › 17 Sept 2026
Bank of England: decision of 17 September 2026
The Bank of England's Monetary Policy Committee kept Bank Rate at 3.75% by a 6–3 vote and voted unanimously to reduce its stock of gilts held for monetary policy purposes to zero by the end of 2034.
Decision
hold
- Rate
- 3.75%=3.75%
- Change
- 0 bp
- Vote
- 6–3
- Announced
- 12:00 London time
Sources
- Statement
- bankofengland.co.uk/monetary-policy-summary-and-m…
- Recorded
- 17 Sept 2026
- Data
- JSON
What the bank said
The MPC said UK CPI inflation had increased to 3.1% in August and was likely to rise further, as protracted conflict in the Middle East pushed energy prices higher.
It said there had been little evidence so far of material second-round effects, and that soft labour market conditions and higher borrowing costs would act to reduce inflation over time.
It judged the risks to the inflation outlook to be tilted to the upside, more so than at the time of the July Monetary Policy Report.
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, Catherine L Mann and Huw Pill voted to raise Bank Rate by 0.25 percentage points, to 4%.
Before and after
- Previous decision: 30 Jul 2026, held the Bank Rate at 3.75%.
- Next scheduled meeting: (calendar).
- All Bank of England decisions and the rate history