The Bank of England (BoE) announced on Thursday its decision to hold interest rates at 3.75 per cent, following four cuts across 2025.
Recent votes have been tight affairs, the nine committee members swinging 5-4 or 4-5 to cut or hold each time - but on 19 March there was a unanimous 9-0 vote, reflecting how the Iran war had put soaring energy costs and rising inflation back on the menu for Britain, while July’s vote has since swung in the opposite direction. The latest came in at 6-3 in favour of a hold, but with those three dissenters pushing for a preemptive hike to head off inflation concerns.
