BOE · Andrew Bailey

Bank of England

Bank Rate · Snapshot 30 Apr 2026, 06:22 am UTC
NEXT DECISION INToday
High data quality
Next Decision
Today
Next Meeting Pricing
2.8% HIKE
Current Rate
3.75%
12-Month Outlook
+54 bp

Implied Rate Path

Step

PATH OF BOE BANK RATE OVERNIGHT CALL RATE: MARKET EXPECTATION

MeetingImpliedP(Hike)P(Hold)P(Cut)Cum MovesΔ bp
30 Apr 20263.757%2.8%97.2%0.0%0.03+0.7
18 June 20263.925%67.3%32.6%0.0%0.70+17.5
30 July 20264.052%50.6%49.4%0.0%1.21+30.2
17 Sept 20264.207%61.9%38.1%0.0%1.83+45.7
05 Nov 20264.252%18.2%81.8%0.0%2.01+50.2
17 Dec 20264.283%12.4%87.6%0.0%2.13+53.3
04 Feb 20274.294%4.3%95.7%0.0%2.18+54.4
18 Mar 20274.321%10.8%89.3%0.0%2.28+57.1
29 Apr 20274.290%0.0%87.8%12.2%2.16+54.0