In the first Monetary Policy Committee (MPC) meeting of 2025, the Bank of England cut interest rates to 4.5%

The Bank of England (BoE) has decided to maintain the interest rate at 5.25% despite inflation reaching its target rate of 2%. This decision was made by a 7–2 majority at the Monetary Policy Committee (MPC) meeting that ended on June 19, 2024. Two members of the committee