Bank of England meeting —
At its 19 March 2025 meeting, the Bank of England held its policy rate at 4.50%. The decision passed 8-1.
Decision
hold — 4.50% to 4.50%
Vote: 8-1
Key passages
At its meeting ending on 19 March 2025, the MPC voted by a majority of 8–1 to maintain Bank Rate at 4.5%. One member preferred to reduce Bank Rate by 0.25 percentage points, to 4.25%.
Twelve-month CPI inflation increased to 3.0% in January from 2.5% in December, slightly higher than expected in the February Report.
Meeting documents
Background reading
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