Bank of England meeting —
At its 6 November 2024 meeting, the Bank of England lowered its policy rate from 5.25% to 5.00%. The decision passed 8-1.
Decision
cut — 5.25% to 5.00%
Vote: 8-1
Key passages
At its meeting ending on 6 November 2024, the MPC voted by a majority of 8–1 to reduce Bank Rate by 0.25 percentage points, to 4.75%.
One member preferred to maintain Bank Rate at 5%.
Meeting documents
Background reading
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