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Bank Rate reduced to 4.5% - February 2025
The Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment. The MPC adopts a medium-term and forward-looking approach to determine the monetary stance required to achieve the inflation target sustainably. At its meeting ending on 5 February 2025, the MPC voted by a majority of 7–2 to reduce Bank Rate by 0.25 percentage points, to 4.5%. Two members preferred to reduce Bank Rate by 0.5 percentage points, to 4.25%. There has been substantial progress on disinflation over the past two years, as previous external shocks have receded, ... (full story)
Added at 7:03am
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Bank Of England Cuts Rates By 25Bps To 4.500%; In Line With Consensus; MPC 7 Vote For 25Bps 2 Vote For 50Bps
— LiveSquawk (@LiveSquawk) February 6, 2025
Added at 7:04am
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BANK OF ENGLAND POLICYMAKERS VOTE 7-2 TO CUT RATES BY 0.25 PERCENTAGE POINTS TO 4.5% (REUTERS POLL: 8-1 VOTE TO CUT TO 4.5%)
— First Squawk (@FirstSquawk) February 6, 2025
BOE MPC EXTERNAL MEMBERS DHINGRA AND MANN VOTED TO CUT RATES BY 0.50 PERCENTAGE POINTS TO 4.25%
BOE: UK CPI INFLATION TO PEAK AT 3.7% IN Q3 2025 (NOV:…
Added at 7:17am
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Base rate cut to 4.5% – here's why and what it means for your mortgage and savings
The base rate has been cut to 4.5% from 4.75% by the Bank of England. This rate is used by the central bank to charge other banks and lenders when they borrow money, so the move can impact mortgage and savings rates. It's also used by the Bank of England as a tool to control inflation (the rate at which prices rise). The Bank has a target of 2% for the Consumer Prices Index (CPI) measure of inflation, which is set by the Government. This is the third time the Bank has cut the rate since August 2024, when it fell from 5.25% to 5%. The last cut, from 5% to 4.75%, was in November 2024. The Monetary Policy Committee, ... (full story)
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From bankofengland.co.uk|Feb 6, 2025The Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment. The MPC adopts a medium-term ...
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From @financialjuice|Feb 6, 2025|3 commentspost: BOE GOV. BAILEY: WE EXPECT TO BE ABLE TO CUT THE BANK RATE FURTHER post: BANK OF ENGLAND GOVERNOR BAILEY: WE EXPECT TO BE ABLE TO CUT BANK RATE FURTHER BUT WE WILL HAVE TO JUDGE MEETING BY MEETING HOW FAR AND HOW FAST ROAD AHEAD WILL HAVE BUMPS BEHIND UPTICK IN HEADLINE INFLATION STANDS A CONTINUED, GRADUAL EASING OF UNDERLYING INFLATIONARY… post: BoE Gov Bailey: Contact Of Weakening Economic Activity - Coming Rise In Inflation Almost Entirely Due To Factors Not Directly Linked To Pressures In The UK Economy - We Expect These Factors To Be Temporary post: BOE'S BAILEY: IT'S IMPORTANT TO A TAKE GRADUAL APPROACH TO EASING post:
*BOE'S BAILEY: RISKS TO INFLATION ON BOTH SIDES 
*BOE'S BAILEY: SHOULD SEE 'GRADUAL' AND 'CAREFUL' TOGETHER 
*BAILEY: BOE MUST PROCEED CAREFULLY, JUDGE AFRESH EACH MEETING
From challengergray.com|Feb 6, 2025U.S.-based employers announced 49,795 cuts in January, up 28% from the 38,792 announced one month prior. It is down 40% from the 82,307 cuts announced in January 2024, according ...
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- Posted: Feb 6, 2025 7:02am
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