Markets · Medium impact

Bank of England Policy Decision + Monetary Policy Report

Nov 5, 2026, 12:00 p.m. London (7:00 a.m. ET)

The Monetary Policy Committee announces Bank Rate at noon London time with its quarterly Monetary Policy Report and new forecasts, followed by Governor Bailey's press conference. Three of nine members already voted for a hike in September.

Previous: Bank Rate 3.75%, held on September 17 by 6 votes to 3, with three members backing a rise to 4%

Expected: Split call: Goldman Sachs and JPMorgan forecast a 25 bp hike to 4.00%, Oxford Economics a hold; LSEG data showed markets pricing about 47 bp of hikes by year-end