Bank of England

Interest rates and Bank Rate

Reuters

Lagarde Comments Ecb Press Conference 2026 02 05

julianHjessop

Lack of demand means falling Eurozone inflation is not a cause for celebration

Institute of Economic Affairs

Bank of England remains in the slow lane on rate cuts

European Central Bank

Monetary policy statement

Europa

GDP up by 0.3% in both the euro area and the EU

EuroNews

Daily Sabah

ECB, BoE keep rates steady with another knife-edge vote in London

Bank Rate maintained at 3.75% - February 2026 Monetary Policy Summary and Minutes

Monetary policy decisions

Guido Fawkes

Bank of England Holds Interest Rates at 3.75%

PolitlcsUK

GB News

Bank of England holds base rate at 3.75% amid inflation concerns as economy enters 'delicate phase'

Financial Times

Bank of England holds rates steady at 3.75% in knife-edge vote

Guardian

Bank of England keeps interest rates at 3.75% as inflation concerns persist

Monetary Policy Report - February 2026

Metaculus

Negative ECB Interest Rate before 2023?

The Bank of England's Monetary Policy Committee voted 5-4 to maintain the base interest rate at 3.75% on February 5, 2026, with four members preferring a 0.25 percentage point reduction to 3.5%. The European Central Bank also held its deposit facility rate unchanged at 2.00% on the same day.

The Bank of England's Monetary Policy Committee voted 5-4 to maintain the base interest rate at 3.75% on February 5, 2026, with four members preferring a 0.25 percentage point reduction to 3.5%. The European Central Bank also held its deposit facility rate unchanged at 2.00% on the same day.

The Bank of England projects UK inflation will fall to around 2% by spring 2026, significantly earlier than the 2027 timeline forecast in November 2025, largely due to energy price developments including measures from Budget 2025. The European Central Bank confirmed eurozone inflation fell to 1.7% in January 2026.

The Bank of England projects UK inflation will fall to around 2% by spring 2026, significantly earlier than the 2027 timeline forecast in November 2025, largely due to energy price developments including measures from Budget 2025. The European Central Bank confirmed eurozone inflation fell to 1.7% in January 2026.

The Bank of England downgraded its UK GDP growth forecast for 2026 from 1.2% to 0.9% and raised its unemployment rate projection to peak at 5.3%, up from the previously expected 5.1%. The ECB noted the eurozone economy remains resilient despite challenging global conditions.

The Bank of England downgraded its UK GDP growth forecast for 2026 from 1.2% to 0.9% and raised its unemployment rate projection to peak at 5.3%, up from the previously expected 5.1%. The ECB noted the eurozone economy remains resilient despite challenging global conditions.

Bank of England Governor Andrew Bailey stated there should be scope for further rate cuts in 2026 if the economy evolves as expected, though he emphasized judgements around further easing will become a closer call. ECB President Christine Lagarde cited ongoing global trade policy uncertainty.

Bank of England Governor Andrew Bailey stated there should be scope for further rate cuts in 2026 if the economy evolves as expected, though he emphasized judgements around further easing will become a closer call. ECB President Christine Lagarde cited ongoing global trade policy uncertainty.

The Bank of England's Agents' pay survey indicates UK private sector pay settlements will average 3.4% in 2026, down from 4.0% in 2025, which policymakers consider close to target-consistent levels. The ECB noted negotiated wage growth indicators point to continued moderation in eurozone labor costs.

The Bank of England's Agents' pay survey indicates UK private sector pay settlements will average 3.4% in 2026, down from 4.0% in 2025, which policymakers consider close to target-consistent levels. The ECB noted negotiated wage growth indicators point to continued moderation in eurozone labor costs.

Financial markets increased bets on a Bank of England rate cut in March 2026 to nearly 50% following the February decision, while the pound weakened 0.6% against the dollar. The euro remained steady around 1.18 against the dollar after the ECB's decision, with eurozone equities edging higher.

Financial markets increased bets on a Bank of England rate cut in March 2026 to nearly 50% following the February decision, while the pound weakened 0.6% against the dollar. The euro remained steady around 1.18 against the dollar after the ECB's decision, with eurozone equities edging higher.

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The Bank of England's Monetary Policy Committee voted by a majority of 5-4 to maintain Bank Rate at 3.75% on February 5, 2026, with four members voting to reduce the rate by 0.25 percentage points to 3.5%.

The Bank of England's Monetary Policy Committee voted by a majority of 5-4 to maintain Bank Rate at 3.75% on February 5, 2026, with four members voting to reduce the rate by 0.25 percentage points to 3.5%.

CPI inflation in the UK was 3.4% in December 2025 and is expected to fall back to around the 2% target from April 2026, owing to developments in energy prices including measures from Budget 2025.

CPI inflation in the UK was 3.4% in December 2025 and is expected to fall back to around the 2% target from April 2026, owing to developments in energy prices including measures from Budget 2025.

The Bank of England downgraded its UK GDP growth forecast for 2026 from 1.2% to 0.9% and raised its unemployment rate projection to peak at 5.3% in the first half of 2026, up from a previous estimate of 5.1%.

The Bank of England downgraded its UK GDP growth forecast for 2026 from 1.2% to 0.9% and raised its unemployment rate projection to peak at 5.3% in the first half of 2026, up from a previous estimate of 5.1%.

Bank of England Governor Andrew Bailey stated that if the economy evolves as expected, there should be scope for some further cuts to Bank Rate in 2026, though judgements around further policy easing will become a closer call.

Bank of England Governor Andrew Bailey stated that if the economy evolves as expected, there should be scope for some further cuts to Bank Rate in 2026, though judgements around further policy easing will become a closer call.

The European Central Bank kept its three key interest rates unchanged on February 5, 2026, with the deposit facility at 2.00%, reaffirming that inflation should stabilize at its 2% target in the medium term despite ongoing global trade policy uncertainty.

The European Central Bank kept its three key interest rates unchanged on February 5, 2026, with the deposit facility at 2.00%, reaffirming that inflation should stabilize at its 2% target in the medium term despite ongoing global trade policy uncertainty.

Eurozone inflation fell to 1.7% in January 2026, its lowest level since September 2024 and below the ECB's 2% target, with core inflation easing to 2.2% as energy prices declined by 4.1% year-on-year.

Eurozone inflation fell to 1.7% in January 2026, its lowest level since September 2024 and below the ECB's 2% target, with core inflation easing to 2.2% as energy prices declined by 4.1% year-on-year.

BoE Holds Rates at 3.75% in Split Vote; ECB Steady at 2%

BankBoE of England Holds Rates at 3.75% in Split Vote; ECB Steady at 2%

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BoE Holds Rates at 3.75% in Split Vote; ECB Steady at 2%

BankBoE of England Holds Rates at 3.75% in Split Vote; ECB Steady at 2%

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