Bank of England holds interest rates steady at 4.75% amid heightened inflation

Bank's MPC voted in favour of reducing current interest rate by 25bps in decision expected by markets

Sorin Dojan
clock • 2 min read
Bank of England holds interest rates steady at 4.75% amid heightened inflation

The Bank of England’s (BoE) Monetary Policy Committee (MPC) has decided to keep interest rates unchanged at 4.75% in its final meeting of the year.

Six MPC members, including BoE governor Andrew Bailey, voted in favour of maintaining the current interest rate, while three members voted to trim it down by 25 basis points to 4.5%. The decisio...

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

Sorin Dojan
Author spotlight

Sorin Dojan

View profile
More from Sorin Dojan

Bank of England halts interest rate cuts amid persistent inflation

UK GDP shrinks 0.1% in January

More on Regulation

Industry confusion over IHT proposals, Sackers finds
Regulation

Industry confusion over IHT proposals, Sackers finds

Survey finds industry has mixed views on government’s DC plans and 2025 priorities

Jasmine Urquhart
Jasmine Urquhart
clock 19 February 2025 • 1 min read
Reeves: Final phase one pensions review report to be published in Spring
Regulation

Reeves: Final phase one pensions review report to be published in Spring

Chancellor confirms plans for pensions in Oxfordshire growth speech

Jonathan Stapleton
Jonathan Stapleton
clock 29 January 2025 • 1 min read
Public sector workers face uncertainty due to pension statement delays
Regulation

Public sector workers face uncertainty due to pension statement delays

Royal London says delays until next month will ‘create uncertainty’ for self-assessment tax returns

Jasmine Urquhart
Jasmine Urquhart
clock 24 January 2025 • 1 min read
Trustpilot