BoE holds rates and cuts 2024 growth forecast to 0%

boe-bank-of-england-web

The Bank of England (BoE) held its policy rate at 5.25% today (February 1) for the fourth consecutive meeting.

The monetary policy committee decided by six votes to three to keep the rate at its current level – the highest it has been since 2008. 

Swati Dhingra voted to lower it to 5% – the first time an MPC member has done so since 2021. 

Two members, Jonathan Haskel and Catherine Mann, voted to raise the rate by 0.25%. In December, three members had voted to increase it by the same amount.

BoE

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.