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Bank of England holds Base Rate at 3.75%

March 19, 2026

The Bank of England has announced that it will hold the Base Rate at 3.75%

Bank of England holds Base Rate at 3.75%

The Bank of England announced today, Thursday 5th February 2026, that it has decided to hold the Base Rate at 3.75%, following the reduction made at the previous meeting in December.

The decision was widely expected, with the Bank’s Monetary Policy Committee voting narrowly to keep rates unchanged as inflation continues to ease gradually but remains above the Bank’s 2% target.

The Bank continues to balance keeping inflation under control while supporting the wider economy, choosing to pause further changes while it assesses the impact of previous rate cuts.
Following December’s reduction, today’s announcement brings a period of stability for borrowers and lenders, while policymakers remain cautious amid slow economic growth and ongoing global uncertainty.

While there is still speculation that interest rates could reduce further later this year, any future decisions will depend on how inflation, economic growth and employment trends develop over the coming months. 

When is the next Base Rate review?

The Base Rate is reviewed every six weeks by the Bank of England, deciding whether interest rates should increase, decrease or remain the same.

The next announcement will be on 19th March 2026.

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