Bank of England holds interest rates at 0.75%

7-2 decision

clock • 1 min read

The Bank of England's Monetary Policy Committee (MPC) has voted by a majority of 7 votes to 2 to hold UK interest rates at 0.75%.

In his final MPC meeting as the governor of the Bank of England, Mark Carney, along with six other members of the committee voted to hold interest rates at their current level, with Jonathan Haskel and Michael Saunders as the only dissenters, preferring a 25 basis point cut. The committee voted unanimously to maintain the bank's quantitative easing policy at £435bn, and also to maintain the corporate bond purchase scheme at £10bn. Addressing slowing GDP growth, the committee said this reflects weaker global growth and elevated Brexit uncertainties. However, the MPC expects UK GDP grow...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

Bank of England warns of future rate uncertainty after vote to hold at 3.75%

Bank of England warns of future rate uncertainty after vote to hold at 3.75%

One vote to hike rates

Michael Nelson
clock 30 April 2026 • 2 min read
Navigating an uncertain environment: Applying a disciplined, data-driven approach

Navigating an uncertain environment: Applying a disciplined, data-driven approach

'​Looking ahead, the fundamental case remains constructive'

Fahad Hassan
clock 28 April 2026 • 2 min read
UK inflation rises to 3.3% in March as Iran conflict impacts fuel prices

UK inflation rises to 3.3% in March as Iran conflict impacts fuel prices

Motor fuel rose 4.7%

Michael Nelson
clock 22 April 2026 • 2 min read