Money in United Kingdom today
The Bank of England's interest rate, the latest inflation figure and what the British pound is worth today, with what they mean for your savings and loans.
Bank Rate decided 17 September 2026. Inflation from the Office for National Statistics.
What is happening
The Bank of England held Bank Rate at 3.75% in September 2026, with three of nine members voting for a rise. Inflation rose to 3.5% in September from 3.1%, driven by motor fuel. The next inflation figures are due on 18 November.
What it means for you
- Savers: interest rates are above inflation, so savings accounts, money market funds and government bills that pay close to the central bank rate can grow faster than prices. Compare what you earn after tax with the 3.5% inflation rate.
- Borrowers: bank lending rates and variable-rate loans follow the central bank.
- Prices: inflation of 3.5% means something that cost 1,000 a year ago costs about 1,035 now.
Tools and guides for United Kingdom
SIPPs explained: self-invested personal pensions
A SIPP is a personal pension where you choose the investments. How tax relief works, the limits, what you can hold and when you can take the money.
Council tax explained: bands, discounts and how to challenge yours
Council tax is one of the biggest household bills. How bands are set, the discounts and reductions you may be missing and how to challenge your band.
Self Assessment tax returns: who needs to file and key deadlines
Most employees never file a tax return, but self-employed people, landlords and others must. Who needs to file, the key deadlines and how to avoid penalties.
How credit scores work in the UK, and how to improve yours
There is no single UK credit score: lenders use your credit reports to decide. How the three agencies work, how to check your report free and how to improve it.
Premium Bonds explained: how they work and who they suit
Premium Bonds swap interest for a monthly chance of tax-free prizes, with your money fully backed by the Treasury. How they work and whether they suit you.
Workplace pensions and auto-enrolment explained
Most UK employees are automatically enrolled into a workplace pension, with their employer paying in too. How it works, the minimum contributions and why opting out is costly.
Sources
- MTS Insights: Bank of England decision, September 2026
- Kael Tripton: UK inflation rises to 3.5% (ONS)
- Bank of England
Exchange rates update automatically through the day. Interest rates and inflation are updated after each central bank decision and monthly release.