The next Bank of England (BoE) interest rate decision is due on Thursday, March 20th at 12:00 GMT.
The Bank of England (BoE) announces its interest rate decisions at the conclusion of its eight scheduled Monetary Policy Committee (MPC) meetings each year. These decisions will determine wether the central bank will raise, lower, or leave the current Bank Rate unchanged.
What is the current Bank of England interest rate?
The Bank of England's current base interest rate is 4.50%. This rate has been in place since February 2025, following a 25 basis point reduction from 4.75%.
What date is the next Bank of England interest rate meeting?
The next Bank of England interest rate meeting and decision is due on Thursday, March 20th.
See below for the all the BoE's scheduled MPC meetings in 2025:
Thursday, 6 February 2025
Thursday, 20 March 2025
Thursday, 8 May 2025
Thursday, 19 June 2025
Thursday, 7 August 2025
Thursday, 18 September 2025
Thursday, 6 November 2025
Thursday, 18 December 2025
Each meeting concludes with an announcement at 12:00 PM GMT, detailing the MPC's decisions on interest rates and providing insights into the UK's monetary policy. These dates are confirmed by the Bank of England.
What is the next interest rate prediction for the Bank of England?
As of February 6, 2025, the Bank of England has reduced its base interest rate by 0.25 percentage points, bringing it down to 4.5%. However, Governor Andrew Bailey has indicated that further rate cuts may be considered to bolster economic activity.
Analysts, including those from Morgan Stanley, anticipate additional rate reductions throughout the year, potentially bringing the base interest rate down to 3.5% by year-end.
What is the Bank of England rate decision for 2025?
The Bank of England announced its first interest rate decision for 2025 on February 6th. Currently, the Bank Rate stands at 4.50%, following a 25 basis point reduction from 4.75%.
How often does the Bank of England review interest rates?
The BoE reviews interest rates eight times a year, approximately every six weeks. These reviews are conducted by the Monetary Policy Committee (MPC), which consists of nine members, including the BoE Governor. Each MPC meeting concludes with an announcement on Thursday at 12:00 PM GMT.
However, The BoE can also hold emergency meetings to adjust interest rates outside the normal schedule in response to unexpected economic shocks, such as the COVID-19 pandemic in 2020.
Historical interest rates: The BoE's Bank Rate history
See below for historical interest rate data, showing how the BoE's official Bank Rate has changed over time.
Date Changed
Rate (%)
06 Feb 25
4.50
07 Nov 24
4.75
01 Aug 24
5.0
03 Aug 23
5.25
22 Jun 23
5.0
11 May 23
4.5
23 Mar 23
4.25
02 Feb 23
4.0
15 Dec 22
3.5
03 Nov 22
3.0
22 Sep 22
2.25
04 Aug 22
1.75
16 Jun 22
1.25
05 May 22
1.0
17 Mar 22
0.75
03 Feb 22
0.5
16 Dec 21
0.25
19 Mar 20
0.1
11 Mar 20
0.25
02 Aug 18
0.75
02 Nov 17
0.5
04 Aug 16
0.25
05 Mar 09
0.5
05 Feb 09
1.0
08 Jan 09
1.5
04 Dec 08
2.0
06 Nov 08
3.0
08 Oct 08
4.5
10 Apr 08
5.0
07 Feb 08
5.25
06 Dec 07
5.5
05 Jul 07
5.75
10 May 07
5.5
11 Jan 07
5.25
09 Nov 06
5.0
03 Aug 06
4.75
04 Aug 05
4.5
05 Aug 04
4.75
10 Jun 04
4.5
06 May 04
4.25
05 Feb 04
4.0
06 Nov 03
3.75
10 Jul 03
3.5
06 Feb 03
3.75
08 Nov 01
4.0
04 Oct 01
4.5
18 Sep 01
4.75
02 Aug 01
5.0
10 May 01
5.25
05 Apr 01
5.5
08 Feb 01
5.75
10 Feb 00
6.0
13 Jan 00
5.75
04 Nov 99
5.5
08 Sep 99
5.25
10 Jun 99
5.0
08 Apr 99
5.25
04 Feb 99
5.5
07 Jan 99
6.0
10 Dec 98
6.25
05 Nov 98
6.75
08 Oct 98
7.25
04 Jun 98
7.5
06 Nov 97
7.25
07 Aug 97
7.0
10 Jul 97
6.75
06 Jun 97
6.5
06 May 97
6.25
30 Oct 96
5.94
06 Jun 96
5.69
08 Mar 96
5.94
18 Jan 96
6.13
13 Dec 95
6.38
02 Feb 95
6.63
07 Dec 94
6.13
12 Sep 94
5.63
08 Feb 94
5.13
23 Nov 93
5.38
26 Jan 93
5.88
13 Nov 92
6.88
16 Oct 92
7.88
22 Sep 92
8.88
05 May 92
9.88
04 Sep 91
10.38
12 Jul 91
10.88
24 May 91
11.38
12 Apr 91
11.88
22 Mar 91
12.38
27 Feb 91
12.88
13 Feb 91
13.38
08 Oct 90
13.88
06 Oct 89
14.88
08 Sep 89
13.75
04 Sep 89
13.88
31 Aug 89
13.84
25 May 89
13.75
25 Nov 88
12.88
25 Aug 88
11.88
08 Aug 88
10.88
21 Jul 88
10.38
07 Jul 88
9.88
24 Jun 88
8.88
10 Jun 88
8.38
03 Jun 88
7.88
17 May 88
7.38
08 Apr 88
7.88
17 Mar 88
8.38
01 Feb 88
8.88
03 Dec 87
8.38
04 Nov 87
8.88
23 Oct 87
9.38
06 Aug 87
9.88
08 May 87
8.88
28 Apr 87
9.38
18 Mar 87
9.88
09 Mar 87
10.38
15 Oct 86
10.88
23 May 86
9.88
18 Apr 86
10.38
11 Apr 86
10.88
19 Mar 86
11.38
15 Jan 86
12.38
26 Jul 85
11.38
11 Jul 85
11.88
19 Apr 85
12.38
28 Mar 85
12.88
20 Mar 85
13.38
28 Jan 85
13.88
14 Jan 85
11.88
23 Nov 84
9.5
19 Nov 84
9.75
05 Nov 84
10.0
17 Aug 84
10.5
16 Aug 84
10.75
09 Aug 84
11.0
08 Aug 84
11.5
11 Jul 84
12.0
06 Jul 84
10.0
29 Jun 84
8.88
10 May 84
9.06
14 Mar 84
8.56
07 Mar 84
8.81
03 Oct 83
9.06
10 Aug 83
9.56
09 Aug 83
9.44
14 Jun 83
9.56
13 Jun 83
9.81
14 Apr 83
10.06
13 Apr 83
10.31
15 Mar 83
10.56
12 Jan 83
11.0
26 Nov 82
10.0
02 Nov 82
9.13
01 Nov 82
9.38
12 Oct 82
9.63
30 Sep 82
10.13
29 Sep 82
10.25
28 Sep 82
10.38
27 Sep 82
10.5
27 Aug 82
10.63
26 Aug 82
10.88
25 Aug 82
11.0
24 Aug 82
11.13
17 Aug 82
11.25
16 Aug 82
11.38
04 Aug 82
11.5
02 Aug 82
11.56
30 Jul 82
11.63
29 Jul 82
11.75
28 Jul 82
11.81
26 Jul 82
11.94
21 Jul 82
12.06
13 Jul 82
12.13
12 Jul 82
12.25
09 Jul 82
12.5
08 Jun 82
12.63
20 Apr 82
13.13
19 Apr 82
13.0
16 Apr 82
13.13
10 Mar 82
13.25
25 Feb 82
13.63
22 Feb 82
13.81
22 Jan 82
13.88
21 Jan 82
14.0
20 Jan 82
14.13
19 Jan 82
14.25
18 Jan 82
14.31
04 Dec 81
14.38
25 Nov 81
14.56
09 Nov 81
14.63
06 Nov 81
15.06
28 Oct 81
15.13
12 Oct 81
15.0
15 Sep 81
14.0
25 Aug 81
12.69
11 Mar 81
12.0
25 Nov 80
14.0
03 Jul 80
16.0
15 Nov 79
17.0
13 Jun 79
14.0
05 Apr 79
12.0
01 Mar 79
13.0
08 Feb 79
14.0
09 Nov 78
12.5
08 Jun 78
10.0
15 May 78
9.0
08 May 78
8.75
12 Apr 78
7.5
09 Jan 78
6.5
28 Nov 77
7.0
17 Oct 77
5.0
10 Oct 77
5.5
19 Sep 77
6.0
12 Sep 77
6.5
15 Aug 77
7.0
08 Aug 77
7.5
16 May 77
8.0
02 May 77
8.25
25 Apr 77
8.75
18 Apr 77
9.0
12 Apr 77
9.25
31 Mar 77
9.5
21 Mar 77
10.5
10 Mar 77
11.0
03 Feb 77
12.0
31 Jan 77
12.25
24 Jan 77
13.25
10 Jan 77
14.0
29 Dec 76
14.25
20 Dec 76
14.5
22 Nov 76
14.75
07 Oct 76
15.0
13 Sep 76
13.0
24 May 76
11.5
26 Apr 76
10.5
08 Mar 76
9.0
01 Mar 76
9.25
09 Feb 76
9.5
02 Feb 76
10.0
26 Jan 76
10.5
19 Jan 76
10.75
05 Jan 76
11.0
29 Dec 75
11.25
01 Dec 75
11.5
17 Nov 75
11.75
06 Oct 75
12.0
28 Jul 75
11.0
05 May 75
10.0
21 Apr 75
9.75
24 Mar 75
10.0
10 Mar 75
10.25
17 Feb 75
10.5
10 Feb 75
10.75
27 Jan 75
11.0
20 Jan 75
11.25
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