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Monetary policy committee

August 2024

  • A person walks past the Bank of England

    Bank of England cuts interest rates to 5% in first reduction since March 2020

  • Threadneedle Street street sign

    Bank of England braced for knife-edge interest rate decision

July 2024

  • Atom bank logo on the smartphone screen

    Savers urged to lock in best deals before UK interest rate decision

    With Bank of England meeting on 1 August, people are advised to take advantage of top-paying accounts now
  • Swati Dhingra at the Bank of England

    BoE should ‘stop squeezing living standards’ and cut rates, says policymaker

    Swati Dhingra says Bank of England’s monetary policy committee should lower interest rates in August
  • Jonathan Haskel looks out of a window in the Bank of England building

    Bank of England should keep interest rates on hold, says policymaker

    Jonathan Haskel warns state of jobs market means inflation is likely to be higher than 2% target ‘for quite some time’

June 2024

  • People walk in front of the Bank of England building

    Bank of England keeps interest rates at 5.25% in ‘finely balanced’ decision

    Seventh consecutive freeze comes despite fall in rate of inflation to 2% target last month

May 2024

  • A table laid at a restaurant in readiness for customers

    Big drop in UK inflation rate disguises more disappointing details

    Service sector inflation, monitored closely by Bank of England, barely budged in April
  • A woman holds a basket of groceries in a supermarket

    UK inflation falls by less than expected to 2.3%, reducing chance of June rate cut

    Drop in April is smaller than forecast but level is still lowest in almost three years
    • UK interest rate cut is ‘possible’ this summer, says Bank of England deputy

    • Business live
      Bank of England says it could lower interest rates more than expected, but June cut isn’t ‘fait accompli’ – as it happened

    • UK interest rates are close to a descent – maybe starting as soon as next month

April 2024

  • Andrew Bailey

    Bank of England governor shrugs off smaller-than-expected fall in inflation

    Andrew Bailey says inflation is in line with BoE forecasts but view of markets is that data will delay interest rate cuts
  • Britain's prime minister, Rishi Sunak

    Sunak hopes of pre-election interest rate cuts frustrated by inflation slow puncture

    Shift in rate reduction predictions to autumn hits prime minister’s strategy of winning back mortgage payers
    • Bank of England forecasts undermined by out-of-date methods, report finds

    • Do better: Bernanke gets strict with Bank of England over handling of inflation crisis

    • Central banks must resist pressure for early rate cuts, says IMF head

March 2024

  • The Bank of England in Threadneedle Street in the City of London.

    UK interest rate cuts ‘in play’, says Bank of England governor

  • A general view of the Bank of England

    The fight against UK inflation is being won – but when will interest rates be cut?

February 2024

  • Clare Lombardelli

    Clare Lombardelli named deputy governor of Bank of England

  • The governor of the Bank of England, Andrew Bailey, answering questions before the Lords economic affairs committee.

    Bank of England governor dampens hopes of interest rate cut

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