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...

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