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Bookmark or Share- Monetary Policy Committee dates for 2025 and 2026 | Bank of EnglandDates for Monetary Policy Committee (MPC) announcements on Bank Rate and publication of MPC meeting minutes and the quarterly Monetary Policy Report.
- Bank Rate increased to 5.25% - August 2023 | Bank of EnglandAt its meeting ending on 2 August 2023, the MPC voted by a majority of 6–3 to increase Bank Rate by 0.25 percentage points, to 5.25%. Two members preferred to increase Bank Rate by 0.5 percentage points, to 5.5%, and one member preferred to maintain Bank Rate at 5%.
- Interest rates and Bank Rate | Bank of EnglandBank Rate is the single most important interest rate in the UK. In the news, it's sometimes called the ‘Bank of England base rate’ or even just ‘the interest rate’. Our Monetary Policy Committee (MPC) sets Bank Rate.
- Bank Rate maintained at 4.75% - December 2024 | Bank of EnglandAt its meeting ending on 18 December 2024, the MPC voted by a majority of 6–3 to maintain Bank Rate at 4.75%. Three members preferred to reduce Bank Rate by 0.25 percentage points, to 4.5%. Since the MPC’s previous meeting, twelve-month CPI inflation has increased to 2.6% in November from 1.7% in September. This was slightly higher than ...
- Monetary policy - Bank of EnglandThe primary tool we use is Bank Rate. This is the interest rate we pay on deposits placed with us overnight by eligible firms such as commercial banks. Additionally, when required, we can buy bonds to bring down long-term interest rates on savings and loans through quantitative easing (QE).
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