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.
Image:

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...

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

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

LGPS NKA scores show leaders' governance knowledge rises by 10%

LGPS NKA scores show leaders' governance knowledge rises by 10%

LGPS NKA scores show leaders’ governance knowledge rises by 10%

Martin Richmond
clock 27 January 2025 • 2 min read
Kelly Hurren: Changing the perception of member options

Kelly Hurren: Changing the perception of member options

Aon partner tells Martin Richmond about member options, mentorship and Rising Star success

Martin Richmond
clock 27 January 2025 • 8 min read
News Digest: Reeves to seek billions for growth from corporate pension surpluses

News Digest: Reeves to seek billions for growth from corporate pension surpluses

PP brings together all the latest news on pensions from across the national and financial media

Professional Pensions
clock 27 January 2025 • 1 min read
Trustpilot