27/09/2026
Last week the Bank of England decided to hold the Base Rate again at 3.75%.
The Bank of England Monetary Policy Committee (MPC) voted 6-3 to hold the rate at 3.75% with 3 member voting to increase the interest rate by 0.25% to 4.00%.
Consumer Price Inflation (CPI) rose from 2.9% in July 2026 to 3.1 % in the 12 months to August 2026.The Bank of England is expecting CPI to continue rising this year due to increased energy prices related to the ongoing conflict in the Middle East.
Further increases in inflation might lead to further rises in Bank of England Base Rate. The Monetary Policy Committee’s goal is to help inflation return sustainably to its 2% target.
The 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 5th November 2026.