Bank of England MPC Decision · November 2026

Bank of England MPC Decision · November 2026 is scheduled for THU 7 NOV 2026 at 12:00 GMT. The data covers November 2026.

MPC rate decision: Bank Rate decision by majority vote of the 9-member MPC. Published at 12:00 GMT with the vote split (e.g., 7-2 hold, 5-4 cut). The vote split is often as market-moving as the decision itself — a 5-4 vote for a hold is much more dovish than a 9-0 hold. Monetary Policy Summary: A 2–3 page summary of the MPC's assessment of economic conditions, risks to inflation, and the reasoning for the rate decision. This is not an MPR meeting — no new quarterly projections are published. The Summary covers the change in assessments since the last MPR (August 2026). Minutes of the meeting: Detailed minutes of the MPC deliberations, published simultaneously with the decision. Minutes reveal the arguments made by each side of any split, the range of views on the economic outlook, and any significant dissents. For detailed definitions of each measure, see the IMF inflation methodology.

The vote split matters as much as the decision — An MPC hold with a 6-3 or 5-4 vote (three or four members voting for a cut) is substantively different from a 9-0 hold. A close vote signals that the committee is close to cutting at the next meeting and is highly sensitive to incoming data. Watch the vote breakdown in the Monetary Policy Summary at 12:00. Historically, a 5-4 split has led to action at the subsequent meeting in the majority of cases. Watch for guidance on the December meeting — The Monetary Policy Summary will include language on the MPC's assessment of the "appropriate path" for Bank Rate. If it includes explicit language about expecting further easing "at a gradual pace," this is dovish. If it says the MPC "remains vigilant to services inflation persistence," this is more hawkish. The November decision is not an MPR meeting — new projections are not published — so language is the primary communication channel. For a deeper explanation of how consumer price indices are constructed, the IMF's primer on inflation is a reliable starting point.

The official source is Bank of England — Monetary Policy. Times shown are in GMT — see the time-zone table on this page for your local equivalent. The Federal Reserve's economic data page and ECB statistics portal also carry same-day updates.

Going into this release: Bank Rate was 4.75% (after Oct 2026 cut); Headline CPI (Oct release, Sep data) was +3.0% (YoY, above 2% target); Services CPI (Sep 2026) was +5.6% (key BoE monitoring metric); Market cut probability (Nov) was ~40% (priced as of 21 Oct 2026). Historical releases and revisions are archived in the World Bank WDI inflation series.