Home / Market Update / Forex Market / BoE leaves interest rate unchanged

BoE leaves interest rate unchanged

The Bank of England (BoE) announced on Thursday that it has decided to leave the policy rate unchanged at 5.25%, in line with market expectations.

Policymakers voted 6-3 in favor of the decision, with three members of the Monetary Policy Committee (MPC) – Megan Greene, Jonathan Haskel, and Catherine Mann – casting votes in favor of raising the policy rate by 25 basis points at the meeting.

Check Also

RBA

RBA Holds Rates Steady, Signals Prolonged Tight Monetary Policy Amid Persistent Inflation

The Reserve Bank of Australia (RBA) maintained its benchmark interest rate at 4.35% on Tuesday, …