Bank of England Bank Rate
Bank Rate is 3.75%. It has been at that level since 18 December 2025, when it changed from 4% (-0.25 percentage points).
- Series observation
- 1 October 2026. The daily series still shows 3.75%.
- Retrieved
- 2 October 2026. This is not the date the rate changed.
- Latest decision that left the rate unchanged
- 17 September 2026
- Next scheduled decision
- 5 November 2026 This is a timetable, not a forecast.
Bank Rate is the Bank of England's own rate. It is not the interest rate on a mortgage, a tracker margin, or a lender's standard variable rate. Product pricing also depends on loan-to-value, fees, term and the applicant. How mortgage pricing differs · Repayment calculator · Rate-rise illustration
History of changes
| Effective | Bank Rate | Change |
|---|---|---|
| 18 December 2025 | 3.75% | -0.25 percentage points |
| 7 August 2025 | 4% | -0.25 percentage points |
| 8 May 2025 | 4.25% | -0.25 percentage points |
| 6 February 2025 | 4.5% | -0.25 percentage points |
| 7 November 2024 | 4.75% | -0.25 percentage points |
| 1 August 2024 | 5% | -0.25 percentage points |
| 3 August 2023 | 5.25% | +0.25 percentage points |
| 22 June 2023 | 5% | +0.5 percentage points |
| 11 May 2023 | 4.5% | +0.25 percentage points |
| 23 March 2023 | 4.25% | +0.25 percentage points |
| 2 February 2023 | 4% | +0.5 percentage points |
| 15 December 2022 | 3.5% | +0.5 percentage points |
| 3 November 2022 | 3% | +0.75 percentage points |
| 22 September 2022 | 2.25% | +0.5 percentage points |
| 4 August 2022 | 1.75% | +0.5 percentage points |
| 16 June 2022 | 1.25% | +0.25 percentage points |
| 5 May 2022 | 1% | +0.25 percentage points |
| 17 March 2022 | 0.75% | +0.25 percentage points |
| 3 February 2022 | 0.5% | +0.25 percentage points |
| 16 December 2021 | 0.25% | +0.15 percentage points |
| 19 March 2020 | 0.1% | -0.15 percentage points |
| 11 March 2020 | 0.25% | -0.5 percentage points |
| 2 August 2018 | 0.75% | +0.25 percentage points |
| 2 November 2017 | 0.5% | +0.25 percentage points |
| 4 August 2016 | 0.25% | -0.25 percentage points |
| 2 January 2015 | 0.5% | Series start in this file |
If a mortgage rate moved by 0.25 points
On a £200,000 repayment mortgage at an example rate of 4.5% over 25 years, the illustration is £1,111.66 a month. At 4.75% it is £1,140.23, about £28.57 a month more (£343 a year). The example rate is not Bank Rate and the step is not a prediction.
Source
Series IUDBEDR, Official Bank Rate. Retrieved 2 October 2026 from the Bank of England database. The next decision date is read from the Bank Rate page. Bank of England statistics may be reproduced with acknowledgement. This is not Open Government Licence material.
If a later retrieval fails validation, this page keeps the last snapshot above. It does not replace a missing rate with zero.