US EditionBank of England holds interest rates at 4.25 per cent
- On June 19, 2025, the Bank of England’s Monetary Policy Committee decided by a 6-3 margin to maintain the interest rate at 4.25 percent.
- The decision followed persistent inflation at 3.4 percent in May, rising energy prices linked to Middle East tensions, and signs of a weakening labour market.
- Governor Andrew Bailey indicated that interest rates are expected to decrease slowly over time, but policymakers stressed there is no fixed trajectory and they will carefully watch economic data.
- Chief economist Thomas Pugh expects two more rate cuts this year but noted rising energy prices could delay reductions, while inflation is forecast to peak at 3.7 percent in September.
- The hold signals a cautious approach amid global uncertainty and persistent inflation, with the committee set to reassess conditions at its August meeting.
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UK Interest Rates Kept on Hold With Bank Alert to ‘Highly Unpredictable’ World
UK interest rates have been left on hold as the Bank of England said it was keeping watch on a “highly unpredictable” world amid rising energy prices. The Bank’s Monetary Policy Committee (MPC) decided to keep rates unchanged at 4.25 percent. In a split vote, with six members opting to hold and three preferring to cut, the MPC said a “gradual and careful approach” to reducing borrowing costs continued to be the right course of action. Bank Gover…
·New York, United States
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Total News Sources91
Leaning Left10Leaning Right6Center19Last UpdatedBias Distribution54% Center
Bias Distribution
- 54% of the sources are Center
54% Center
L 29%
C 54%
R 17%
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