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Data from Bank of England. Forecasts by Sigmanomics Forecast Engine.
United KingdomUnited Kingdom Interest Rate Decision held to 3.75% in April 2026
Bank of EnglandMonthlyReleased April 2026
United Kingdom Interest Rate Decision held to 3.75% in April 2026. The reading matched the 3.75% consensus. Year-over-year, the indicator is down 0.5%. Interest Rate Decision is now the lowest in 14 months.
Latest Release
3.75
Actual
3.75
Consensus
3.75
Previous
Median Absolute Error
±0 percentage points
across last 10 releases
Last Call
Mar 2026
Predicted: 3.75
Actual: 3.75
Error: +0
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| GBP/USD | ▼ Inverse | −0.83 | FOREX | Bearish GBP | → View |
| EUR/GBP | ▲ Direct | +0.72 | FOREX | Bullish EUR | → View |
| GBP/JPY | ▼ Inverse | −0.65 | FOREX | Bearish GBP | → View |
| XAU/USD | ▼ Inverse | −0.61 | COMMODITIES | Bearish XAU | → View |
| EUR/USD | ▼ Inverse | −0.57 | FOREX | Bearish EUR | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Interest Rate Decision (United Kingdom) was reported at 3.75% in April 2026. This matched the market consensus of 3.75% exactly. The reading was unchanged from the previous release. Trailing 12-month context per ETL data through March 2026. Over the past 12 months, the indicator has averaged 3.92%, ranging from 3.75% to 4.25% across 6 releases. This is classified as a high-impact indicator released on a monthly basis.
WHY IT MATTERS
The trailing three releases averaged 3.75%, down from the prior three at 4.08%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with GBP/USD (Bearish GBP). A secondary relationship exists with EUR/GBP, positively correlated (Bullish EUR). Over the last 10 releases, the Sigmacast model's median absolute error is 0%.
WHAT TO WATCH NEXT
Same-country events in the next 14 days include CBI Distributive Trades (May 26) and CBI Distributive Trades (May 27).
Auto-generated from current model state · Refreshes on each release · Last update March 2026.
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Interest Rate Decision - UK
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About Interest Rate Decision — United Kingdom
DEFINITION
The Interest Rate Decision is a key financial indicator that reflects the decision made by a central bank or monetary authority to either increase, decrease, or maintain the current interest rates. This decision has a significant impact on the economy, as it affects the cost of borrowing money, inflation rates, and overall economic growth. Investors and businesses closely monitor interest rate decisions as they can have a significant impact on financial markets and investment strategies.
WHY THIS INDICATOR MATTERS
Policy-rate decisions and associated communication are the primary near-term driver of front-end rates, currencies, and equity-discount-rate inputs. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Apr 2026): actual 3.75 %, consensus 3.75 %. Prior reading (Mar 2026): 3.75 %. Before that (Feb 2026): 3.75 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print. The 1-month and 3-month horizons disagree, suggesting a mixed signal. Trend-driven dynamics are the primary neutral force in the current projection. This indicator correlates most strongly with GBP/USD (Bearish GBP, r=-0.83) — a useful reference for forex-focused traders.