interest rates

'Wait and see approach'

BoE MPC votes five to four to cut rates in final meeting of 2025

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

MPC committee votes seven to two to hold interest rates due to 'sticky' inflation

Lowest level in two and a half years

The next MPC meeting is in August

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

As priced in by markets

This was the first MPC meeting of the year

Up to two cuts expected before year-end