The Bank of England held Bank Rate at 3.75% on 30 April 2026. The Monetary Policy Committee voted 8 to 1, with Huw Pill preferring a rise to 4%. CPI inflation was 3.3% in March 2026. Bank Rate has stayed at 3.75% at every 2026 decision, most recently on 17 September, and the next decision is due on 5 November 2026.
KEY FACTS
- Decision published: 30 April 2026
- Bank Rate: held at 3.75%
- Vote: 8 to hold, 1 for an increase to 4%
- CPI inflation: 3.3% in March 2026
- Bank staff expected inflation to average 3.1% in 2026 Q2 and rise back to 3.3% in Q3
- Later decisions: held at 3.75% in June, July and September 2026
- Next decision: 5 November 2026
How the Committee voted
| Vote | Members |
|---|---|
| Hold at 3.75% (8) | Andrew Bailey, Sarah Breeden, Swati Dhingra, Megan Greene, Clare Lombardelli, Catherine L Mann, Dave Ramsden, Alan Taylor |
| Increase to 4% (1) | Huw Pill |
Source: Bank of England, Monetary Policy Summary, April 2026.
What the Bank said
The Bank of England's summary said CPI inflation "has increased to 3.3%" in March 2026. Bank staff expected inflation to "decline to 3.1% on average in 2026 Q2, before rising back to 3.3% in Q3", with a further rise expected in Q4.
On energy, the summary said: "The conflict in the Middle East means that prospects for global energy prices are highly uncertain." On jobs, it noted that "the labour market continues to loosen", which the Committee saw as a factor that could limit inflationary pressure.
What it meant for mortgages and savings
Because Bank Rate did not change, tracker mortgages and other products priced directly from Bank Rate stayed where they were after the April decision. Fixed mortgage rates and fixed savings rates are set by each lender, mainly from market swap rates, so they can move between Bank of England decisions even when Bank Rate is unchanged.
What happened next
The Committee held Bank Rate at 3.75% again in June, July and September 2026, the last decision being on 17 September. The next scheduled decision is on 5 November 2026.
Correction, 13 October 2026: an earlier version of this page gave the wrong decision date, vote split and Bank Rate. It has been rebuilt from the Bank of England's own April 2026 Monetary Policy Summary.
Disclaimer: This page is for general information only and is not financial advice.
Frequently asked questions
What did the Bank of England decide in April 2026?
On 30 April 2026 the Monetary Policy Committee held Bank Rate at 3.75%.
Who voted against the April 2026 decision?
Huw Pill was the only member to vote against holding. He preferred a 0.25 percentage point increase to 4%.
What was inflation at the time?
CPI inflation was 3.3% in March 2026, the figure the Bank cited in its April summary.
Has Bank Rate changed since April 2026?
No. It was held at 3.75% in June, July and September 2026.
When is the next Bank of England decision?
The next scheduled decision is on 5 November 2026.
