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Bank of England Interest Rate History

The Bank of England's Bank Rate is 3.75% after the decision of Sep 17, 2026. The calendar lists 187 BoE decisions since Jan 10, 2008: 16 hikes, 17 cuts and 154 holds; the last change was −25 bp on Dec 18, 2025.

Rate now3.75%Bank Rate
Last change−25 bpDec 18, 2025
Since 200816▲ 17▼hikes and cuts in 187 decisions
Range0.10% to 5.50%lowest to highest
The chart

Bank of England Interest Rate since 2008

Each step is a decision. Shaded: the hiking cycles in red and the cutting cycles in green.

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Bank of England Interest Rate since 2008 Bank of England Interest Rate from 2008 to today, as a step line. Highest 5.50% (Jan 10, 2008), lowest 0.10% (Mar 19, 2020), now 3.75%. Shaded: hiking (red) and cutting (green) cycles. 0% 1% 2% 3% 4% 5% 6% 2008 2010 2012 2014 2016 2018 2020 2022 2024 2026 3.75%
Cycles

BoE hiking and cutting cycles since 2008

A cycle is a run of moves in one direction, with holds between them; a move the other way starts the next.

CycleFromToMovesIn allRate
▼ Cutting latest Aug 1, 2024 Dec 18, 2025 6 −150 bp 5.25% → 3.75%
▲ Hiking Dec 16, 2021 Aug 3, 2023 14 +515 bp 0.10% → 5.25%
▼ Cutting Mar 11, 2020 Mar 19, 2020 2 −65 bp 0.75% → 0.10%
▲ Hiking Nov 2, 2017 Aug 2, 2018 2 +50 bp 0.25% → 0.75%
▼ Cutting Feb 7, 2008 Aug 4, 2016 9 −525 bp 5.50% → 0.25%
By year

Bank of England Interest Rate by year

How many times the BoE met in each year, what it did, and where the rate ended the year.

YearDecisionsHikesCutsHoldsNet changeYear end
2026 so far 6 — — 6 0 bp 3.75%
2025 8 — 4 4 −100 bp 3.75%
2024 8 — 2 6 −50 bp 4.75%
2023 8 5 — 3 +175 bp 5.25%
2022 8 8 — — +325 bp 3.50%
2021 8 1 — 7 +15 bp 0.25%
2020 10 — 2 8 −65 bp 0.10%
2019 8 — — 8 0 bp 0.75%
2018 8 1 — 7 +25 bp 0.75%
2017 8 1 — 7 +25 bp 0.50%
2016 11 — 1 10 −25 bp 0.25%
2015 12 — — 12 0 bp 0.50%
2014 12 — — 12 0 bp 0.50%
2013 12 — — 12 0 bp 0.50%
2012 12 — — 12 0 bp 0.50%
2011 12 — — 12 0 bp 0.50%
2010 12 — — 12 0 bp 0.50%
2009 12 — 3 9 −150 bp 0.50%
2008 12 — 5 7 −350 bp 2.00%
Records

The BoE's records since 2008

Highest5.50%first set Jan 10, 2008
Lowest0.10%first set Mar 19, 2020
Biggest move−150 bpNov 6, 2008, to 3.00%
Longest hold88decisions in a row with no change, Apr 9, 2009 to Jul 14, 2016
Against the consensus176/181matched it; 3 came out above (hawkish), 2 below (dovish)
Every decision

Every BoE interest rate decision since 2008

Newest first. The decisions since 2025 open on their own page, with the minutes of price around them.

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DateDecision Rate ChangeExpectedMPC vote
Sep 17, 2026 ■ hold 3.75% 0 bp 3.75% 6 hold, 3 hike
Jul 30, 2026 ■ hold 3.75% 0 bp 3.75% 6 hold, 3 hike
Jun 18, 2026 ■ hold 3.75% 0 bp 3.75% 7 hold, 2 hike
Apr 30, 2026 ■ hold 3.75% 0 bp 3.75% 8 hold, 1 hike
Mar 19, 2026 ■ hold 3.75% 0 bp 3.75% 9 hold
Feb 5, 2026 ■ hold 3.75% 0 bp 3.75% 5 hold, 4 cut
Dec 18, 2025 ▼ cut 3.75% −25 bp 3.75% 4 hold, 5 cut
Nov 6, 2025 ■ hold 4.00% 0 bp 4.00% 5 hold, 4 cut
Sep 18, 2025 ■ hold 4.00% 0 bp 4.00% 7 hold, 2 cut
Aug 7, 2025 ▼ cut 4.00% −25 bp 4.00% 4 hold, 5 cut
Jun 19, 2025 ■ hold 4.25% 0 bp 4.25% 6 hold, 3 cut
May 8, 2025 ▼ cut 4.25% −25 bp 4.25% 2 hold, 7 cut
Mar 20, 2025 ■ hold 4.50% 0 bp 4.50% 8 hold, 1 cut
Feb 6, 2025 ▼ cut 4.50% −25 bp 4.50% 9 cut
Dec 19, 2024 ■ hold 4.75% 0 bp 4.75% 6 hold, 3 cut
Nov 7, 2024 ▼ cut 4.75% −25 bp 4.75% 1 hold, 8 cut
Sep 19, 2024 ■ hold 5.00% 0 bp 5.00% 8 hold, 1 cut
Aug 1, 2024 ▼ cut 5.00% −25 bp 5.00% 4 hold, 5 cut
Jun 20, 2024 ■ hold 5.25% 0 bp 5.25% 7 hold, 2 cut
May 9, 2024 ■ hold 5.25% 0 bp 5.25% 7 hold, 2 cut
Mar 21, 2024 ■ hold 5.25% 0 bp 5.25% 8 hold, 1 cut
Feb 1, 2024 ■ hold 5.25% 0 bp 5.25% 6 hold, 2 hike, 1 cut
Dec 14, 2023 ■ hold 5.25% 0 bp 5.25% 6 hold, 3 hike
Nov 2, 2023 ■ hold 5.25% 0 bp 5.25% 6 hold, 3 hike
Sep 21, 2023 ■ hold 5.25% 0 bp 5.50% 5 hold, 4 hike
Aug 3, 2023 ▲ hike 5.25% +25 bp 5.25% 1 hold, 8 hike
Jun 22, 2023 ▲ hike 5.00% +50 bp 4.75% 2 hold, 7 hike
May 11, 2023 ▲ hike 4.50% +25 bp 4.50% 2 hold, 7 hike
Mar 23, 2023 ▲ hike 4.25% +25 bp 4.25% 2 hold, 7 hike
Feb 2, 2023 ▲ hike 4.00% +50 bp 4.00% 2 hold, 7 hike
Dec 15, 2022 ▲ hike 3.50% +50 bp 3.50% 2 hold, 7 hike
Nov 3, 2022 ▲ hike 3.00% +75 bp 3.00% 9 hike
Sep 22, 2022 ▲ hike 2.25% +50 bp 2.25% 9 hike
Aug 4, 2022 ▲ hike 1.75% +50 bp 1.75% 9 hike
Jun 16, 2022 ▲ hike 1.25% +25 bp 1.25% 9 hike
May 5, 2022 ▲ hike 1.00% +25 bp 1.00% 9 hike
Mar 17, 2022 ▲ hike 0.75% +25 bp 0.75% 1 hold, 8 hike
Feb 3, 2022 ▲ hike 0.50% +25 bp 0.50% 9 hike
Dec 16, 2021 ▲ hike 0.25% +15 bp 0.10% 1 hold, 8 hike
Nov 4, 2021 ■ hold 0.10% 0 bp 0.10% 7 hold, 2 hike
Sep 23, 2021 ■ hold 0.10% 0 bp 0.10% 9 hold
Aug 5, 2021 ■ hold 0.10% 0 bp 0.10% 8 hold
Jun 24, 2021 ■ hold 0.10% 0 bp 0.10% 9 hold
May 6, 2021 ■ hold 0.10% 0 bp 0.10% 9 hold
Mar 18, 2021 ■ hold 0.10% 0 bp 0.10% 9 hold
Feb 4, 2021 ■ hold 0.10% 0 bp 0.10% 9 hold
Dec 17, 2020 ■ hold 0.10% 0 bp 0.10% 9 hold
Nov 5, 2020 ■ hold 0.10% 0 bp 0.10% 9 hold
Sep 17, 2020 ■ hold 0.10% 0 bp 0.10% —
Aug 6, 2020 ■ hold 0.10% 0 bp 0.10% —
Jun 18, 2020 ■ hold 0.10% 0 bp 0.10% —
May 7, 2020 ■ hold 0.10% 0 bp 0.10% —
Mar 26, 2020 ■ hold 0.10% 0 bp — 9 hold
Mar 19, 2020 ▼ cut 0.10% −15 bp — —
Mar 11, 2020 ▼ cut 0.25% −50 bp — —
Jan 30, 2020 ■ hold 0.75% 0 bp 0.75% 7 hold, 2 cut
Dec 19, 2019 ■ hold 0.75% 0 bp 0.75% 7 hold, 2 cut
Nov 7, 2019 ■ hold 0.75% 0 bp 0.75% 7 hold, 2 cut
Sep 19, 2019 ■ hold 0.75% 0 bp 0.75% 9 hold
Aug 1, 2019 ■ hold 0.75% 0 bp 0.75% 9 hold
Jun 20, 2019 ■ hold 0.75% 0 bp 0.75% 9 hold
May 2, 2019 ■ hold 0.75% 0 bp 0.75% 9 hold
Mar 21, 2019 ■ hold 0.75% 0 bp 0.75% 9 hold
Feb 7, 2019 ■ hold 0.75% 0 bp 0.75% 9 hold
Dec 20, 2018 ■ hold 0.75% 0 bp — 9 hold
Nov 1, 2018 ■ hold 0.75% 0 bp 0.75% 9 hold
Sep 13, 2018 ■ hold 0.75% 0 bp 0.75% 9 hold
Aug 2, 2018 ▲ hike 0.75% +25 bp 0.75% 9 hike
Jun 21, 2018 ■ hold 0.50% 0 bp 0.50% 6 hold, 3 hike
May 10, 2018 ■ hold 0.50% 0 bp 0.50% 7 hold, 2 hike
Mar 22, 2018 ■ hold 0.50% 0 bp 0.50% 7 hold, 2 hike
Feb 8, 2018 ■ hold 0.50% 0 bp 0.50% 9 hold
Dec 14, 2017 ■ hold 0.50% 0 bp 0.50% 9 hold
Nov 2, 2017 ▲ hike 0.50% +25 bp 0.50% 2 hold, 7 hike
Sep 14, 2017 ■ hold 0.25% 0 bp 0.25% 7 hold, 2 hike
Aug 3, 2017 ■ hold 0.25% 0 bp 0.25% 6 hold, 2 hike
Jun 15, 2017 ■ hold 0.25% 0 bp 0.25% 5 hold, 3 hike
May 11, 2017 ■ hold 0.25% 0 bp 0.25% 7 hold, 1 hike
Mar 16, 2017 ■ hold 0.25% 0 bp 0.25% 8 hold, 1 hike
Feb 2, 2017 ■ hold 0.25% 0 bp 0.25% 9 hold
Dec 15, 2016 ■ hold 0.25% 0 bp 0.25% 9 hold
Nov 3, 2016 ■ hold 0.25% 0 bp 0.25% 9 hold
Sep 15, 2016 ■ hold 0.25% 0 bp 0.25% 9 hold
Aug 4, 2016 ▼ cut 0.25% −25 bp 0.25% 9 cut
Jul 14, 2016 ■ hold 0.50% 0 bp 0.25% 8 hold, 1 cut
Jun 16, 2016 ■ hold 0.50% 0 bp 0.50% 9 hold
May 12, 2016 ■ hold 0.50% 0 bp 0.50% 9 hold
Apr 14, 2016 ■ hold 0.50% 0 bp 0.50% 9 hold
Mar 17, 2016 ■ hold 0.50% 0 bp 0.50% 9 hold
Feb 4, 2016 ■ hold 0.50% 0 bp 0.50% 9 hold
Jan 14, 2016 ■ hold 0.50% 0 bp 0.50% 8 hold, 1 hike
Dec 10, 2015 ■ hold 0.50% 0 bp 0.50% 8 hold, 1 hike
Nov 5, 2015 ■ hold 0.50% 0 bp 0.50% 8 hold, 1 hike
Oct 8, 2015 ■ hold 0.50% 0 bp 0.50% 8 hold, 1 hike
Sep 10, 2015 ■ hold 0.50% 0 bp 0.50% 8 hold, 1 hike
Aug 6, 2015 ■ hold 0.50% 0 bp 0.50% 8 hold, 1 hike
Jul 9, 2015 ■ hold 0.50% 0 bp 0.50% —
Jun 4, 2015 ■ hold 0.50% 0 bp 0.50% —
May 11, 2015 ■ hold 0.50% 0 bp 0.50% —
Apr 9, 2015 ■ hold 0.50% 0 bp 0.50% —
Mar 5, 2015 ■ hold 0.50% 0 bp 0.50% —
Feb 5, 2015 ■ hold 0.50% 0 bp 0.50% —
Jan 8, 2015 ■ hold 0.50% 0 bp 0.50% —
Dec 4, 2014 ■ hold 0.50% 0 bp 0.50% —
Nov 6, 2014 ■ hold 0.50% 0 bp 0.50% —
Oct 9, 2014 ■ hold 0.50% 0 bp 0.50% —
Sep 4, 2014 ■ hold 0.50% 0 bp 0.50% —
Aug 7, 2014 ■ hold 0.50% 0 bp 0.50% —
Jul 10, 2014 ■ hold 0.50% 0 bp 0.50% —
Jun 5, 2014 ■ hold 0.50% 0 bp 0.50% —
May 8, 2014 ■ hold 0.50% 0 bp 0.50% —
Apr 10, 2014 ■ hold 0.50% 0 bp 0.50% —
Mar 6, 2014 ■ hold 0.50% 0 bp 0.50% —
Feb 6, 2014 ■ hold 0.50% 0 bp 0.50% —
Jan 9, 2014 ■ hold 0.50% 0 bp 0.50% —
Dec 5, 2013 ■ hold 0.50% 0 bp 0.50% —
Nov 7, 2013 ■ hold 0.50% 0 bp 0.50% —
Oct 10, 2013 ■ hold 0.50% 0 bp 0.50% —
Sep 5, 2013 ■ hold 0.50% 0 bp 0.50% —
Aug 1, 2013 ■ hold 0.50% 0 bp 0.50% —
Jul 4, 2013 ■ hold 0.50% 0 bp 0.50% —
Jun 6, 2013 ■ hold 0.50% 0 bp 0.50% —
May 9, 2013 ■ hold 0.50% 0 bp 0.50% —
Apr 4, 2013 ■ hold 0.50% 0 bp 0.50% —
Mar 7, 2013 ■ hold 0.50% 0 bp 0.50% —
Feb 7, 2013 ■ hold 0.50% 0 bp 0.50% —
Jan 10, 2013 ■ hold 0.50% 0 bp 0.50% —
Dec 6, 2012 ■ hold 0.50% 0 bp 0.50% —
Nov 8, 2012 ■ hold 0.50% 0 bp 0.50% —
Oct 4, 2012 ■ hold 0.50% 0 bp 0.50% —
Sep 6, 2012 ■ hold 0.50% 0 bp 0.50% —
Aug 2, 2012 ■ hold 0.50% 0 bp 0.50% —
Jul 5, 2012 ■ hold 0.50% 0 bp 0.50% —
Jun 7, 2012 ■ hold 0.50% 0 bp 0.50% —
May 10, 2012 ■ hold 0.50% 0 bp 0.50% —
Apr 5, 2012 ■ hold 0.50% 0 bp 0.50% —
Mar 8, 2012 ■ hold 0.50% 0 bp 0.50% —
Feb 9, 2012 ■ hold 0.50% 0 bp 0.50% —
Jan 12, 2012 ■ hold 0.50% 0 bp 0.50% —
Dec 8, 2011 ■ hold 0.50% 0 bp 0.50% —
Nov 10, 2011 ■ hold 0.50% 0 bp 0.50% —
Oct 6, 2011 ■ hold 0.50% 0 bp 0.50% —
Sep 8, 2011 ■ hold 0.50% 0 bp 0.50% —
Aug 4, 2011 ■ hold 0.50% 0 bp 0.50% —
Jul 7, 2011 ■ hold 0.50% 0 bp 0.50% —
Jun 9, 2011 ■ hold 0.50% 0 bp 0.50% —
May 5, 2011 ■ hold 0.50% 0 bp 0.50% —
Apr 7, 2011 ■ hold 0.50% 0 bp 0.50% —
Mar 10, 2011 ■ hold 0.50% 0 bp 0.50% —
Feb 10, 2011 ■ hold 0.50% 0 bp 0.50% —
Jan 13, 2011 ■ hold 0.50% 0 bp 0.50% —
Dec 9, 2010 ■ hold 0.50% 0 bp 0.50% —
Nov 4, 2010 ■ hold 0.50% 0 bp 0.50% —
Oct 7, 2010 ■ hold 0.50% 0 bp 0.50% —
Sep 9, 2010 ■ hold 0.50% 0 bp 0.50% —
Aug 5, 2010 ■ hold 0.50% 0 bp 0.50% —
Jul 8, 2010 ■ hold 0.50% 0 bp 0.50% —
Jun 10, 2010 ■ hold 0.50% 0 bp 0.50% —
May 10, 2010 ■ hold 0.50% 0 bp 0.50% —
Apr 8, 2010 ■ hold 0.50% 0 bp 0.50% —
Mar 4, 2010 ■ hold 0.50% 0 bp 0.50% —
Feb 4, 2010 ■ hold 0.50% 0 bp 0.50% —
Jan 7, 2010 ■ hold 0.50% 0 bp 0.50% —
Dec 10, 2009 ■ hold 0.50% 0 bp 0.50% —
Nov 5, 2009 ■ hold 0.50% 0 bp 0.50% —
Oct 8, 2009 ■ hold 0.50% 0 bp 0.50% —
Sep 10, 2009 ■ hold 0.50% 0 bp 0.50% —
Aug 6, 2009 ■ hold 0.50% 0 bp — —
Jul 9, 2009 ■ hold 0.50% 0 bp 0.50% —
Jun 4, 2009 ■ hold 0.50% 0 bp 0.50% —
May 7, 2009 ■ hold 0.50% 0 bp 0.50% —
Apr 9, 2009 ■ hold 0.50% 0 bp 0.50% —
Mar 5, 2009 ▼ cut 0.50% −50 bp 0.50% —
Feb 5, 2009 ▼ cut 1.00% −50 bp 1.00% —
Jan 8, 2009 ▼ cut 1.50% −50 bp 1.50% —
Dec 4, 2008 ▼ cut 2.00% −100 bp 2.00% —
Nov 6, 2008 ▼ cut 3.00% −150 bp 4.00% —
Oct 8, 2008 ▼ cut 4.50% −50 bp — —
Sep 4, 2008 ■ hold 5.00% 0 bp 5.00% —
Aug 7, 2008 ■ hold 5.00% 0 bp 5.00% —
Jul 10, 2008 ■ hold 5.00% 0 bp 5.00% —
Jun 5, 2008 ■ hold 5.00% 0 bp 5.00% —
May 8, 2008 ■ hold 5.00% 0 bp 5.00% —
Apr 10, 2008 ▼ cut 5.00% −25 bp 5.00% —
Mar 6, 2008 ■ hold 5.25% 0 bp 5.25% —
Feb 7, 2008 ▼ cut 5.25% −25 bp 5.25% —
Jan 10, 2008 ■ hold 5.50% 0 bp 5.50% —

Source: FXStreet's economic calendar, read automatically. Expected is the economists' consensus where one was published. Check a figure against the BoE's own site before relying on it.

Next decisionBoE interest rate decisionNov 5, 2026, 12:00 PM London CalendarBoE meeting dates 2026every decision of the year, with timesCalendarBoE meeting dates 2027every decision of the year, with times All banksCentral bank rates todaythe eight banks side by side
Questions

Bank of England Interest Rate history: questions

What is the BoE interest rate now?

3.75%, set on Thursday, September 17, 2026. The next decision is on Thursday, November 5, 2026 at 12:00 PM London.

When did the BoE last change interest rates?

On Dec 18, 2025, a cut of 25 bp to 3.75%.

What is the highest the Bank Rate has been since 2008?

5.50%, first set on Jan 10, 2008. The lowest was 0.10%, first set on Mar 19, 2020.

How many times did the BoE cut rates in its latest cycle?

6 times, −150 bp in all, from Aug 1, 2024 to Dec 18, 2025. The hiking cycle before it made 14 moves, +515 bp, from Dec 16, 2021 to Aug 3, 2023.

How often does the BoE surprise the market?

Of the 181 BoE decisions with a published consensus since Jan 10, 2008, 176 matched it, 3 came out above it (more hawkish than expected) and 2 below it (more dovish).

Where does this data come from?

FXStreet's economic calendar, read automatically and never typed by hand, and refreshed after every decision. The calendar misses a few meetings. Download it all as CSV.

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