Will the Bank of England raise rates in November 2026?
Economists expect a rise. The consensus for the Nov 5, 2026 decision is: hike 25 bp to 4.00%, against 3.75% now.
Figures as of Nov 3, 2026, 10:15 AM UTC.
What the data says
The latest run of moves was 6 cuts totalling 150 bp, from Aug 1, 2024 to Dec 18, 2025.
At its latest decision, on Sep 17, 2026, the BoE: held at 3.75%, as expected.
Since 2008 the BoE matched the consensus in 176 of the 181 decisions the calendar has one for, came out above it in 3 and below it in 2. That is a record of the consensus. The BoE rate odds turn the same record into the chance of each move at each meeting, with how right they have been.
Read the full preview on the BoE November 2026 decision page, the BoE rate history since 2008, or every central bank's rate today.
The next BoE decisions
| Date | Time | Expected |
|---|---|---|
| Nov 5, 2026 | 12:00 PM London | Hike 25 bp to 4.00% |
| Dec 17, 2026 | 12:00 PM London | No consensus yet |
| Feb 4, 2027 | 12:00 PM London | No consensus yet |
| Mar 18, 2027 | 11:00 AM London | No consensus yet |
The last 8 BoE decisions against the consensus
| Date | Decision | Against expected |
|---|---|---|
| Sep 17, 2026 | hold 3.75% | as expected |
| Jul 30, 2026 | hold 3.75% | as expected |
| Jun 18, 2026 | hold 3.75% | as expected |
| Apr 30, 2026 | hold 3.75% | as expected |
| Mar 19, 2026 | hold 3.75% | as expected |
| Feb 5, 2026 | hold 3.75% | as expected |
| Dec 18, 2025 | cut 3.75% | as expected |
| Nov 6, 2025 | hold 4.00% | as expected |
BoE rates: questions
Will the Bank of England raise rates in November 2026?
Economists expect a rise. The consensus for the Nov 5, 2026 decision is: hike 25 bp to 4.00%, against 3.75% now. This is what economists expect, not a promise of what the bank will do.
Will the Bank of England cut rates in November 2026?
A cut is not the consensus for the next decision: hike 25 bp to 4.00%. The last move was cut 25 bp to 3.75% on Dec 18, 2025.
When is the next BoE decision?
Thursday, November 5, 2026 at 12:00 PM London. The press conference follows at 12:30 PM London.
How often is the consensus right about the BoE?
Since 2008 the BoE matched the consensus in 176 of the 181 decisions the calendar has one for, came out above it in 3 and below it in 2. Agreement on the number does not say how price reacts: an expected move is usually already in the price.
Learn the read behind every projection.
Forexia teaches the same read this site measures: where the stops rest before a release, the hunt, and the close back that says it is done. Courses, live signals for members, and a community of traders who chart the same way.