Bank of England meeting —

At its 5 November 2025 meeting, the Bank of England held its policy rate at 4.00%.

Decision

hold — 4.00% to 4.00%

Key passages

At its meeting ending on 5 November 2025, the Monetary Policy Committee voted by a majority of 5–4 to maintain Bank Rate at 4%. Four members voted to reduce Bank Rate by 0.25 percentage points, to 3.75%.

Rate held but split vote signals increasing dovish pressure.

If progress on disinflation continues, Bank Rate is likely to continue on a gradual downward path.

Explicit conditional guidance: cuts remain on the table.

Meeting documents

Background reading

Previous meeting · Next meeting · Open the full decision workspace

The Cadence Brief

The one number that moved central bank pricing — delivered each weekday morning.

Free. One email a day. Unsubscribe anytime.