US EditionBank of England holds interest rates at 4.25 per cent
UNITED KINGDOM, JUN 19 – The Bank of England kept rates steady at 4.25% due to inflation at 3.4% and geopolitical tensions, with three MPC members favoring a cut in a 6-3 vote split.
- On June 20, 2025, the Bank of England's Monetary Policy Committee decided by a 6-to-3 margin to maintain the bank rate at 4.25% during their meeting in London amid ongoing global uncertainty.
- The decision followed persistent inflation at 3.4%, signs of softening labor market conditions including slower hiring and easing wage growth, and rising energy prices from Middle East tensions.
- The Bank kept its inflation forecast near 3.4% for the rest of the year and expects a peak of 3.7% in September while anticipating weak GDP growth around 0.25% this quarter.
- Governor Andrew Bailey noted that interest rates are expected to decline gradually over time, while emphasizing the committee’s commitment to closely monitoring inflation risks and economic changes in an uncertain global environment.
- The committee indicated the next rate cut might come in August but noted high energy prices and geopolitical risks could delay easing, requiring monthly monitoring of economic conditions.
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Coverage Details
Total News Sources124
Leaning Left16Leaning Right8Center26Last UpdatedBias Distribution52% Center
Bias Distribution
- 52% of the sources are Center
52% Center
L 32%
C 52%
R 16%
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