Bank of England cuts interest rates to 4%
The Bank of England has cut interest rates from 4.25% to 4%. This was decided after a second vote.
The Bank of England’s Monetary Policy Committee (MPC), who set interest rates initially voted as follows:
- 1 member voted to decrease interest rates to 3.75%.
- 4 members voted to decrease interest rates to 4%.
- 4 members voted to keep interest rates at 4.25%.
As there was no clear majority, there was a second vote. On the second vote the MPC voted as follows:
- 5 members voted to decrease interest rates to 4%.
- 4 members voted to keep interest rates at 4.25%.
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All information is correct as at 07/08/25.