The Bank of England held its policy rate at 3.75% as the number of members voting to hike rose to three

The Bank of England held its policy rate unchanged at 3.75 percent on Thursday, 30 July 2026 (8 Mordad 1405), a decision in line with market expectations.

The Monetary Policy Committee vote shows that of nine members, six voted to hold the rate and three voted to raise it, with no member calling for a cut. At the previous meeting, two members had voted to hike and seven to hold, so one further member has joined those favouring tighter policy.

The Bank of England simultaneously published its Monetary Policy Report and the meeting minutes, and Governor Andrew Bailey delivered a speech the same day. The decision came a day after the US Federal Reserve held its rate in the 3.5 to 3.75 percent range, where three members likewise sought an increase. A tilt among major central banks toward tighter policy is one of the variables affecting the value of the dollar and the global gold price.