Bank of England meeting —
At its 20 March 2024 meeting, the Bank of England held its policy rate at 5.25%. The decision passed 8-1.
Decision
hold — 5.25% to 5.25%
Vote: 8-1
Key passages
The MPC voted by a majority of 8–1 to maintain Bank Rate at 5.25%. One member preferred to reduce Bank Rate by 0.25 percentage points, to 5%.
Monetary policy will need to remain restrictive for sufficiently long to return inflation to the 2% target sustainably in the medium term in line with the MPC’s remit.
Meeting documents
Background reading
Previous meeting · Next meeting · Open the full decision workspace
The Cadence Brief
The one number that moved central bank pricing — delivered each weekday morning.