Bank of England meeting —
At its 18 December 2024 meeting, the Bank of England lowered its policy rate from 5.00% to 4.75%. The decision passed 6-3.
Decision
cut — 5.00% to 4.75%
Vote: 6-3
Key passages
At 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%.
Meeting documents
Background reading
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