Bank of England holds interest rates at 4% as inflation remains ‘sticky’

Seven MPC members voted to leave interest rates untouched The Bank of England’s (BoE) Monetary Policy Committee (MPC) has voted to leave its base rate unchanged at 4%, a move widely anticipated by analysts and markets. In a meeting today, seven MPC members voted to leave interest rates at 4%, having decided to cut rates by 25bps at the last …

Bank of England meets expectations and cuts rates to 4%

Lowest level in two and a half years Interest rates have been cut to 4% by the Bank of England (BoE) Monetary Policy Committee in a move that was forecasted. So far, the BoE has opted to cut rates twice this year (February and March) while holding at the last one in June. Now the 4% rate cut means that interest …

Bank of England holds interest rates at 4.25%

Three members voted to reduce Bank Rate by 0.25%, to 4%. The Bank of England’s Monetary Policy Committee has voted 6-3 to maintain Bank Rate at 4.25%. Three members preferred to reduce Bank Rate by 0.25%, to 4%, more than predicted by industry experts who had largely expected a 7-2 split. The decision was widely expected following yesterday’s inflation figures which …

Bank of England cuts interest rates – experts share views on what it means for advisers and clients

The Bank of England has taken another step toward easing, cutting the base rate from 4.5% to 4.25% in a widely anticipated but cautious move. There was however a split in the voting so it wasn’t unanimous. With inflation easing—coming in at 2.6% in the year to March—markets had priced in a cut, though the Bank’s measured 25bp shift suggests policymakers remain …