Bank of England Raises Bank Rate by 25 Basis Points to 4%
The Monetary Policy Committee voted 8-to-1 to raise Bank Rate to 4%, citing mounting inflation. The increase was widely expected.
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12:17:04 PM UTC
SquawkNews
Sterling turns higher against the euro after the Bank of England voted 8-1 to raise interest rates by 25 basis points to 4.0% Thursday. One member unexpectedly voted to raise rates by 50 basis points. However, the BOE said monetary policy wasn't on a pre-set path and it will continue to assess evid…
The Monetary Policy Committee voted by a majority of 8-to-1 to hike Bank Rate by 25 basis points to 4%, in wake of mounting inflation, as widely expected. The last time it increased interest rates was in August 2023, when inflation was more than 6%.At the start of 2026, the BoE had been widely expe…