A tweet from the Bank of England’s official account claims the Monetary Policy Committee voted eight to one to raise Bank Rate to 4%, yet the latest confirmed figure on the Bank’s own results page records the rate at 3.75%.
The Bank of England’s official Twitter account posted that the Monetary Policy Committee had voted eight to one in favour of raising the interest rate to 4%. That claim can’t be independently verified against the available official record.
The discrepancy matters. The Bank’s own results page — the primary public record of MPC decisions — currently records Bank Rate at 3.75% and describes the most recent decision as a hold. The figures show no confirmation of either the claimed 4% rate or the eight-to-one vote split.
It’s possible the tweet relates to a decision that post-dates the latest available official result. The next scheduled MPC decision date on record is 5 November 2026, which may explain the gap — but that remains unconfirmed from the available sources.
What is clear is the economic backdrop against which any rate decision would sit. UK CPI inflation stood at 3.5 per cent in the 12 months to September 2026, according to the Office for National Statistics, compared with the Bank of England’s 2 per cent target. Core CPI — which strips out energy and food — came in at 2.8 per cent, and CPIH at 3.6 per cent. All three measures remain above target.
The MPC meets eight times a year and sets Bank Rate with the aim of returning inflation to 2 per cent over time.
Kent Local News will update this article when the Bank of England publishes a full MPC statement confirming the outcome.
Source: @bankofengland