BoE holds rates at 3.75% in 6-3 vote, its sixth hold this year

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โดย InfoQuest·GB·Read original
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The Bank of England's Monetary Policy Committee voted 6-3 to keep its policy rate at 3.75% at today's meeting, in line with analyst expectations. Six members voted to hold rates, while three voted for a 0.25% increase. This hold is the sixth of the year, even as inflation remains above the BoE's 2% target, and the BoE has kept rates at 3.75% since December 2025, after cutting rates four times last year. Analysts expect the BoE to raise rates by 0.25% at its next meeting on November 5. The decision puts the BoE's monetary policy at odds with other major central banks: the US Federal Reserve announced a 0.25% rate hike yesterday, its first increase since 2023, while the European Central Bank announced its second rate hike of the year last week, following its first increase in June, which was its first hike in three years. Meanwhile, the Bank of Japan is expected to raise rates by 0.25% to 1.25%, the highest level in 31 years, at its monetary policy meeting tomorrow.

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Article notes ECB announced its second rate hike of the year last week, implying higher ECB policy rate/yield.