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Bank of England Interest Rate Decision, March 2026

The Bank of England held the Bank Rate at 3.75% on March 19, 2026, as expected.

Decision3.75%■ hold
Against expectedAs expectedexpected 3.75%
Previous3.75%Bank Rate
GBP/USD one hour later +6.9 pips from the last price before
The result

What the BoE decided in March 2026

The move Hold Held at 3.75%.
Against expected No surprise Economists expected: hold at 3.75%. The decision was as expected.
The vote 9 to hold How the MPC voted at this meeting.
Timing 12:00 PM London Thursday, March 19, 2026.
What price did

GBP/USD after the BoE decision, minute by minute

One-minute candles, London time. The box is the hour before the announcement. How we measure.

GBP/USD one-minute chart around the Bank of England decision of Mar 19, 2026 The hour before the 12:00 announcement ranged 22 pips. The first spike went above it by 16 pips, and a five-minute candle closed back inside after 5 minutes. 1.328 1.330 1.332 1.334 1.336 11:00 11:30 12:00 12:30 13:00 13:30 THE HOUR BEFORE BoE 12:00 Spike 1.33097 · 16 pips past the hour's high Closed back inside · 5 min
  1. The hour beforeGBP/USD ranged 22 pips, from 1.32716 to 1.32932, and was at 1.32920 at the announcement.
  2. The first spike After 0 minutes price went through the hour's high and ran 16 pips past it.
  3. The close back A five-minute candle closed back inside the range after 5 minutes.
  4. The other side Price did not trade through the opposite edge within four hours.
  5. The moves From the last price before the announcement: +4.5 pips at 15 minutes, +6.9 pips at one hour, +67 pips at four hours.
For context

Across 14 measured BoE decisions since January 2025, the first spike closed back inside the hour-before range within 60 minutes in 8 (57%), and in 5 of those price then took the other side within four hours. In the other 6 the first move held. Median move in the first 15 minutes: 29 pips.

This decision is one of the closed-back cases. Counts include the decisions where it did not close back. All BoE dates · BoE overview.

← Previous decisionBoE, February 2026Held at 3.75% Next decision →BoE, April 2026Thu, Apr 30, 12:00 PM London
Questions

BoE March 2026 decision: questions

What time was the BoE interest rate decision on Mar 19, 2026?

It was announced at 12:00 PM London (8:00 AM EDT New York, 9:00 PM Tokyo Tokyo).

What did the BoE decide in March 2026?

Held at 3.75% (previous 3.75%). Economists expected: hold at 3.75%, so the decision was as expected.

How did GBP/USD react to the BoE decision in March 2026?

On one-minute candles: the hour before ranged 22 pips; the first spike went above it by 16 pips; a five-minute candle closed back inside after 5 minutes; after one hour GBP/USD was +6.9 pips from its pre-announcement price.

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