Bank of England · meeting preview · 17 Dec 2026
Will the Bank of England cut or hike in December 2026?
As of 12 November 2026, markets price a 65% chance that the Bank of England raises rates at its 17 December 2026 meeting, with the policy rate implied at 4.16% after it, on WatchTower Terminal's read of exchange-traded futures (WatchTower model). The policy rate is 4.00% going in.
Two weeks earlier (29 Oct) the same outcome led at 65%, so the pricing has held by 0 points.
What is priced for 17 December
| Reading | Hike | Hold | Cut | Implied rate after |
|---|---|---|---|---|
| Now12 Nov | 65% | 35% | 0% | 4.16% |
| Two weeks before29 Oct | 65% | 35% | 0% | 4.11% |
| Four weeks before15 Oct | 72% | 28% | 0% | 4.12% |
Read from exchange-traded futures (WatchTower model) on WatchTower Terminal. The history starts with our daily snapshots; a row is missing where no market-built snapshot exists for that day.
And after December
- 4 Feb 202764% hike4.32%
- 18 Mar 202762% hike4.48%
- 29 Apr 202753% hold4.60%
Questions
Will the Bank of England hike in December 2026?
As of 12 November 2026, markets price a 65% chance that the Bank of England raises rates at its 17 December 2026 meeting, with the policy rate implied at 4.16% after it, on WatchTower Terminal's read of exchange-traded futures (WatchTower model). Two weeks earlier (29 Oct) the same outcome led at 65%, so the pricing has held by 0 points.
When is the Bank of England's December 2026 meeting?
The Bank of England's mpc announcement is on Thursday, 17 December 2026, per its own published calendar.
What are the odds for the Bank of England's December meeting?
As of 12 November 2026: hike 65%, hold 35%, cut 0%. The three are read from exchange-traded futures (WatchTower model).
What is priced after December?
4 Feb 2027: 64% hike, 4.32% implied; 18 Mar 2027: 62% hike, 4.48% implied; 29 Apr 2027: 53% hold, 4.60% implied.
- What is priced for the Bank of England, every meeting
- Every central bank meeting date in 2027
- The 2027 interest rate outlook
- GBP macro outlook
- GBP COT positioning
Bank of England's other meeting pages: 5 Nov 2026 (decided)
Other meetings coming up: Reserve Bank of Australia, 8 Dec · Federal Reserve, 9 Dec · Bank of Canada, 9 Dec · Reserve Bank of New Zealand, 9 Dec · Swiss National Bank, 10 Dec · European Central Bank, 17 Dec · Bank of Japan, 18 Dec
In WatchTower Terminal the Central bank panel moves with the pricing through the day; the terminal is $10 for the first month. Nothing here is financial advice.