The Bank of England’s Monetary Policy Committee (MPC) is responsible for setting the UK’s base interest rate, commonly known as the Bank Rate. The MPC convenes eight times a year, approximately every six weeks, to review and determine this rate.
The upcoming dates for the rest of 2025 are:
Thursday the 20th March 2025
Thursday the 8th May 2025
Thursday the 19th June 2025
Thursday the 7th August 2025
Thursday the 18th September 2025
Thursday the 6th November 2025
Thursday the 18th December 2025
In summary, the Bank of England’s base rate is reviewed eight times annually by the MPC, with each meeting providing an opportunity to adjust the rate in response to the latest economic data and forecasts