Bank of England cuts interest rates to 4.25% amid mounting challenges

Markets had been forecasting a 25bps cut this month given April's NIC rise

Sorin Dojan
clock • 4 min read
Bank of England cuts interest rates to 4.25% amid mounting challenges

The Bank of England (BoE) has cut interest rates by 25 basis points to 4.25% in its third meeting of the year.

The Monetary Policy Committee (MPC) members have voted by a slight majority of five to four to cut rates. Among the dissenting voices, two preferred a much larger 0.5% cut to 4%, while the other...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

Exclusive: Three-quarters of industry anticipate pensions change in Autumn Budget

Exclusive: Three-quarters of industry anticipate pensions change in Autumn Budget

PP survey finds 71% expect pensions tax changes but no consensus on what measures may be announced

Martin Richmond
clock 03 September 2025 • 2 min read
People's Partnership urges government to place more emphasis on value for money

People's Partnership urges government to place more emphasis on value for money

CEO says bill marks a ‘once-in-a-generation’ moment for the industry and savers

Martin Richmond
clock 03 September 2025 • 2 min read
Chancellor confirms date for Autumn Budget 2025

Chancellor confirms date for Autumn Budget 2025

Rachel Reeves says the government must bring down inflation and borrowing costs

Jonathan Stapleton
clock 03 September 2025 • 1 min read
Trustpilot