The Bank’s nine-member Monetary Policy Committee, which sets the Bank Rate 10 times a year, voted 6 – 3 to hold rates at 4.75%, with three members preferring a cut to 4.50%. Its next meeting ...

MPC to withdraw gradually some degree of policy restraint, while maintaining Bank Rate in restrictive territory so as to ...

In its latest Monetary Policy Committee meeting, the Bank of England voted to cut the Bank Rate to 4.5pc – the first of several rate reductions predicted to come this year. This comes after ...

The Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain ...