24/03/2026
Last week the Bank of England decided to hold the Base Rate at 3.75%.
In a unanimous vote, the Bank of England Monetary Policy Committee (MPC) decided 9-0 to hold the rate at 3.75%.
Consumer Price Inflation (CPI) fell from 3.4% in December 2025 to 3.0% in the 12 months to January 2026. Despite this positive news, the Bank of England is now predicting CPI to rise in the coming months due to the conflict in the Middle East. This is expected to cause an increase in costs including energy prices. The Monetary Policy Committee’s goal is to help inflation return sustainably to its 2% target.
The Bank of England Base Rate is important to most of us as it invariably has an influence on Lending & Mortgage rates.
The next Bank of England decision on the base rate is 30th April 2026.