Bank of England meeting —

At its 18 June 2025 meeting, the Bank of England held its policy rate at 4.25%. The decision passed 6-3.

Decision

hold — 4.25% to 4.25%

Vote: 6-3

Key passages

At its meeting ending on 18 June 2025, the MPC voted by a majority of 6–3 to maintain Bank Rate at 4.25%. Three members preferred to reduce Bank Rate by 0.25 percentage points, to 4%.

Rate hold with three dovish dissents signals growing internal pressure to cut.

Given the outlook, and continued disinflation, a gradual and careful approach to the further withdrawal of monetary policy restraint remains appropriate. Monetary policy is not on a pre-set path.

Reiteration of gradual, data-dependent approach leaves door open for future cuts.

Meeting documents

Background reading

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