Bank of England Holds Rates Steady at 4.25%
Monetary Policy Committee awaits clearer labour market signals
The Bank of England’s Monetary Policy Committee has decided to maintain the base interest rate at 4.25 percent, citing a weakening jobs market and persistent global inflationary pressures.
The vote was split six to three, with dissenters favouring a quarter‑point cut.
Policymakers emphasized a ‘gradual and careful’ approach amid uncertainty stemming from rising energy prices and geopolitical instability.
The central bank expects inflation to peak at around 3.7 percent later this year and remains poised for possible easing if labour market data deteriorates further.
The vote was split six to three, with dissenters favouring a quarter‑point cut.
Policymakers emphasized a ‘gradual and careful’ approach amid uncertainty stemming from rising energy prices and geopolitical instability.
The central bank expects inflation to peak at around 3.7 percent later this year and remains poised for possible easing if labour market data deteriorates further.
