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Monetary policy committee

  • Bank of England holds interest rates in unanimous decision

    March 19, 2026

    Interest rates have been held as policymakers at the Bank of England warned the war in Iran could send prices spiralling as soon as April.  Members of the Monetary Policy Committee (MPC) left interest rates unchanged at 3.75 per cent, with guidance to cutting rates in upcoming meetings now being dropped altogether.  Several policymakers, including [...]

  • Interest rates set to be held as Bank backs ‘defensible strategy’

    March 19, 2026

    The Bank of England is set to hold interest rates at a crunch decision this afternoon as policymakers will opt for a “defensible strategy” in the face of uncertainty from the war in the Middle East. Markets have all but priced in a pause in interest rate cuts on Thursday, with most Monetary Policy Committee [...]

  • Bank of England set to hold interest rates

    January 31, 2026

    The Bank of England is expected to hold interest rates at 3.75 per cent next week as policymakers continue to battle against sticky inflation.  At the monetary policy committee (MPC)’s first meeting of the year, the Bank is expected to suggest it is too early to cut rates due to the lack of available data [...]

  • Bank of England’s Taylor: Trade with China to drive interest rate cuts

    January 14, 2026

    Cheap goods flooding into the UK from China will lower inflation and prompt the Bank of England to cut interest rates further, a member of the Monetary Policy Committee has said.  Alan Taylor, considered to be the most dovish rate-setter on the MPC, warned that cheap goods flowing in from China would lower inflation over [...]

  • Bank of England poised to slash interest rates 

    December 13, 2025

    The Bank of England is expected to cut interest rates by 25 basis points to their lowest level in nearly two years at a crunch decision next Thursday.  Markets and leading economists have priced in a cut to Bank Rate to 3.75 per cent amid fears activity in the UK economy is stalling and the [...]

  • Interest rates: Bank of England hawks to ‘look through’ Budget’s disinflation

    December 9, 2025

    Bank of England policymakers struck a hawkish tone on the future path of interest rates despite acknowledging that the upcoming Budget would lower inflation. Appearing before MPs on the Treasury Select Committee, Bank staff analysis agreed with the Office for Budget Responsibility (OBR) that measures in Rachel Reeves’ November statement would strip 0.5 percentage points [...]

  • Bank of England: Businesses cut staff at fastest pace since pandemic

    December 5, 2025

    British businesses cut jobs at the fastest rate since the pandemic in the run-up to Rachel Reeves’ Autumn Budget. A closely-watched survey from the Bank of England, which quizzes finance directors on their staffing levels, showed employment in the private sector fell by 1.8 per cent in November – the steepest monthly decline since July [...]

  • Budget tax rumours holding back UK economic growth

    November 10, 2025

    The UK economy is expected to have grown by just 0.2 per cent in the third quarter of the year, economists have predicted, with the upcoming Budget cooling activity and leaving investors on edge.  A Bloomberg poll of economists estimated the UK economy grew by just 0.2 per cent in the third quarter of the [...]

  • The Bank of England must cut rates today

    November 6, 2025

    The Bank should cut rates by 25 basis points today to prevent stagnation becoming entrenched, says Damian Pudner On Thursday, the Bank of England will announce its latest decision on interest rates. Less than three weeks later, on 26 November, the Chancellor will deliver her second tax-raising Budget, despite promising that last year’s would be [...]

  • Andrew Bailey: Bank of England Governor to have ‘deciding vote’ on interest rates

    November 5, 2025

    Bank of England Governor Andrew Bailey is set to have the deciding vote on whether to slash interest rates by 25 basis points, analysts have said.  The Bank is expected to keep interest rates on hold at four per cent but several analysts have said the decision is on a knife-edge, with four Monetary Policy [...]

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