Bank of England holds rates at 5.25% as MPC consensus grows

Bank's decision marks fifth consecutive hold of rates at current level

clock • 3 min read
Eight members voted to keep rates at the current level while one opted for a 25 basis point cut.
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Eight members voted to keep rates at the current level while one opted for a 25 basis point cut.

The Bank of England’s (BoE) Monetary Policy Committee (MPC) has decided to hold interest rates at the current 5.25% in its fifth consecutive move.

Eight members voted to keep rates at the current level, while one opted for a 25 basis point cut. This marked a closer consensus from the last meeting in February, when six members voted to hold, t...

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