The MPC held Bank Rate at 3.75% on 17 September 2026. Six members voted to hold and three voted for 4%.
The market resolves on the Monetary Policy Summary published on bankofengland.co.uk at 12:00 BST on 17 September 2026 and resolves YES only if Bank Rate is maintained at 3.75%; a change in either direction, or no decision published that day, resolves NO. If the Bank's page is unavailable, BBC News and Reuters reports of the decision settle it.
We found eight rate decisions made just after oil jumped. They come from the six oil price spikes named in the Bank of England's own minutes since 2008: the run towards $147 in 2008, Libya in 2011, the attack on Abqaiq in 2019, Ukraine in 2022, the Israel–Iran war in 2025 and the Iran war in 2026. In each decision the minutes show Brent up 10 per cent or more since the meeting before. We checked whether the Bank left its rate unchanged, which is what the first market asks about 17 September. Newest first.