Bank of England holds interest rates at 4% as Autumn Budget looms

MPC members narrowly vote to hold rates at five votes to four

Michael Nelson
clock • 3 min read
The decision was hard to call ahead of the vote, noted AJ Bell investment director Russ Mould.
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The decision was hard to call ahead of the vote, noted AJ Bell investment director Russ Mould.

The Bank of England’s (BoE) Monetary Policy Committee (MPC) has voted to leave interest rates unchanged at 4%.

In a meeting today (6 November), five MPC members voted to hold rates while the remaining four opted for a 25bps cut to 3.75%. AJ Bell investment director Russ Mould said the decision was hard t...

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