Bank of England meeting —

At its 17 September 2025 meeting, the Bank of England held its policy rate at 4.00%. The decision passed 7-2.

Decision

hold — 4.00% to 4.00%

Vote: 7-2

Key passages

the MPC voted by a majority of 7–2 to maintain Bank Rate at 4%. Two members voted to reduce Bank Rate by 0.25 percentage points, to 3.75%.

Rates unchanged but with a dovish dissent; signals division within committee.

A gradual and careful approach to the further withdrawal of monetary policy restraint remains appropriate.

Reinforces cautious stance; no urgency to cut further.

Meeting documents

Background reading

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