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The Bank Rate set by the Monetary Policy Committee, published with the vote split and, four times a year, a Monetary Policy Report.
| Published by | Bank of England |
|---|---|
| Country | United Kingdom |
| Currency affected | GBP |
| Release frequency | 8 times per year |
| Usual release time | 11:00 GMT (UTC+00:00) |
| Impact rating | High impact |
| Typical volatility | 70-140 pips on GBP/USD inside the first hour |
The BoE Interest Rate Decision is released 8 times per year by Bank of England, usually at 11:00 GMT (UTC+00:00). These are the dates inside our calendar window.
Every release in the window has already been published. The next one falls outside the four-week demo calendar.
The nine-member vote split is often a bigger market event than the decision itself because it signals the path.
Sterling is a mid-liquidity major, so policy surprises produce outsized moves relative to the euro.
Typical volatility around the release is 70-140 pips on GBP/USD inside the first hour. That is an average, not a limit: when the figure lands far from consensus, or when it contradicts the central bank's own guidance, the move can be several times larger and can extend for the rest of the session.
| Pair | Why it reacts |
|---|---|
| GBP/USD | The direct sterling expression. |
| EUR/GBP | Isolates the sterling leg from the dollar. |
| GBP/JPY | The most volatile sterling cross. |
Surprise is the released figure minus the consensus forecast, in the units of the release. Green means the figure printed above consensus, red below.
| Release date | Period | Previous | Forecast | Actual | Surprise |
|---|---|---|---|---|---|
| 22 Jun 2026 | Jun meeting | 3.75% | 3.75% | 3.75% | 0.00 |
| 8 May 2026 | May meeting | 3.75% | 3.75% | 3.75% | 0.00 |
| 24 Mar 2026 | Mar meeting | 3.75% | 3.75% | 3.75% | 0.00 |
| 7 Feb 2026 | Feb meeting | 3.75% | 3.75% | 3.75% | 0.00 |
| 24 Dec 2025 | Dec meeting | 3.75% | 3.75% | 3.75% | 0.00 |
| 9 Nov 2025 | Nov meeting | 3.75% | 3.75% | 3.75% | 0.00 |
| 25 Sep 2025 | Sep meeting | 3.75% | 3.75% | 3.75% | 0.00 |
| 11 Aug 2025 | Aug meeting | 3.75% | 3.75% | 3.75% | 0.00 |
Bank of England publishes the BoE Interest Rate Decision for United Kingdom. It is released 8 times per year, typically at 11:00 GMT (UTC+00:00).
We rate this release high impact. In our sample the typical move is 70-140 pips on GBP/USD inside the first hour, though a large deviation from consensus can produce considerably more.
GBP/USD, EUR/GBP, GBP/JPY carry the cleanest reaction. The direct sterling expression.
No. The currency reaction depends on how the figure changes the expected path of interest rates, not on whether the headline is high or low. The same surprise can be read very differently depending on the central bank's current stance.