Bank of England holds rates in second split decision

UK faces two years of above-target inflation and near-zero growth, forecasts the BoE

Bank of England and Stock Exchange
Bank of England
Rachael King

The Bank of England (BoE) held its policy rate at 5.25% for the second consecutive meeting on November 2, as the UK contends with both a weak economy and stubborn inflation.

The monetary policy committee (MPC) divided 6–3, with the minority favouring a 25 basis point increase. At the previous MPC session in September, the MPC split 5–4, with the minority again favouring a 25bp increase.

The majority included governor Andrew Bailey and chief economist Huw Pill, as well as Sarah Breeden, Ben

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 or view our subscription options here:

You are currently unable to copy this content. Please contact 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

Most read articles loading...

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