Bank of England rate decision dates, and what they mean for a late invoice
The next Bank Rate decision is on Thursday 5 Nov 2026 at 12:00 noon. Bank Rate is 3.75%. Here are the dates, and the surprisingly few that can change what you are owed.
For UK business-to-business invoices. Last checked against GOV.UK, legislation.gov.uk and the Bank of England.
Next decision
Thursday 5 Nov 2026, 12:00 UK time
In 32 days. Bank Rate now: 3.75%. A Monetary Policy Report is published with this decision.
2026 decisions
| Announcement | Outcome | Monetary Policy Report |
|---|---|---|
| Thursday 5 Feb 2026 | Held at 3.75% | Yes |
| Thursday 19 Mar 2026 | Held at 3.75% | No |
| Thursday 30 Apr 2026 | Held at 3.75% | Yes |
| Thursday 18 Jun 2026 | Held at 3.75% | No |
| Thursday 30 Jul 2026 | Held at 3.75% | Yes |
| Thursday 17 Sep 2026 | Held at 3.75% | No |
| Thursday 5 Nov 2026 | Next: in 32 days | Yes |
| Thursday 17 Dec 2026 | Scheduled | No |
2027 decisions
| Announcement | Outcome | Monetary Policy Report |
|---|---|---|
| Thursday 4 Feb 2027 | Scheduled | Yes |
| Thursday 18 Mar 2027 | Scheduled | No |
| Thursday 29 Apr 2027 | Scheduled | Yes |
| Thursday 17 Jun 2027 | Scheduled | No |
| Thursday 29 Jul 2027 | Scheduled | Yes |
| Thursday 16 Sep 2027 | Scheduled | No |
| Thursday 4 Nov 2027 | Scheduled | Yes |
| Thursday 16 Dec 2027 | Scheduled | No |
Dates are the Bank’s confirmed schedule, copied on 4 Oct 2026 from its page of Monetary Policy Committee dates for 2026 and 2027. Outcomes for past meetings come from the Bank Rate table on the Bank Rate history page, confirmed up to 4 Oct 2026.
Does the next decision change what you can claim?
Usually not, and that is the useful part. Under the Rate of Interest (No. 3) Order 2002, article 4, a late invoice uses Bank Rate on one of two reference dates, 30 June or 31 December, immediately before the day interest starts. Between those dates, a rate change alters nothing for debts that already have a rate.
The next reference date is 31 Dec 2026. It sets the rate for interest that starts between 1 Jan 2027 and 30 Jun 2027. The decisions still to come before it: 5 Nov 2026 and 17 Dec 2026. Whatever Bank Rate is on 31 Dec 2026 becomes the base for those invoices, plus 8%; today that would be 3.75% + 8% = 11.75%.
Invoices whose interest started before 1 Jan 2027 already have their rate, and none of the decisions above can change it.
Our table treats a change as taking effect on the day it is announced. See the worked examples for what a different reference rate does to the money.
Common questions
When is the next Bank of England interest rate decision?
Thursday 5 Nov 2026, announced at 12:00 noon UK time, together with a Monetary Policy Report.
Will a rate change on 5 Nov 2026 change the interest on my overdue invoice?
Only if interest on the invoice starts between 1 Jan 2027 and 30 Jun 2027: those debts use the Bank Rate in force on 31 Dec 2026, and the decision is before that date, so it can move the rate. Debts whose interest started earlier already have a fixed reference rate.
Do I need to recalculate when Bank Rate changes?
No. Once interest has started on a debt, its Bank Rate reference date is fixed, so later changes do not move it.
General information, not legal advice