Financial News: Bank Of England Hold Key Rate; Slows Quantitative

Bank Of England Hold Key Rate; Slows Quantitative Tightening

09/18/2025 - 07:17:00 (RTTNews)

(RTTNews) - The Bank of England decided to hold its key interest rate and to reduce the stock of government bond purchases by GBP 70 billion over the coming twelve months.

The Monetary Policy Committee, governed by Andrew Bailey, voted 7-2 to leave the bank rate unchanged at 4.00 percent.

The bank had lowered the rate five times since August 2024 and took it to the lowest since early 2023.

Swati Dhingra and Alan Taylor sought a quarter-point reduction in the rate citing that the disinflation process was continuing.

The MPC also voted by a majority of 7-2 to lower the stock of government bond purchases held for monetary policy purposes, and financed by the issuance of central bank reserves, by GBP 70 billion from October 2025 to September 2026, to a total of GBP 488 billion.

A majority of members said a decrease in the pace of quantitative easing to GBP 70 billion from GBP 100 billion over the previous year, would be consistent with the MPC's key principles and objective.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Philly Fed Index Surges Much More Than Expected In September (15 min(s), 32 sec(s) ago)
(RTTNews) - A report released by the Federal Reserve Bank of Philadelphia on Thursday said regiona ...Full Story»

U.S. Weekly Jobless Claims Pull Back More Than Expected (18 min(s), 32 sec(s) ago)
(RTTNews) - After reporting first-time claims for U.S. unemployment benefits climbed to a nearly f ...Full Story»

Portugal Producer Prices Fall 4.3% (56 min(s), 32 sec(s) ago)
(RTTNews) - Portugal's producer prices continued their declining trend in August, figures from ...Full Story»

Bank Of England Hold Key Rate; Slows Quantitative Tightening (01 hr(s), 36 min(s), 32 sec(s) ago)
(RTTNews) - The Bank of England decided to hold its key interest rate and to reduce the stock of g ...Full Story»

Italy Current Account Surplus Grows In July (02 hr(s), 0 min(s),32 sec(s) ago)
(RTTNews) - Italy's current account surplus increased notably in July from the previous year, ...Full Story»

Eurozone Current Account Surplus Falls (02 hr(s), 21 min(s), 32 sec(s) ago)
(RTTNews) - The euro area current account surplus declined in July as the surplus on services trad ...Full Story»

Norway Cuts Interest Rate By 25 Bps (03 hr(s), 25 min(s), 32 sec(s) ago)
(RTTNews) - Norway's central bank reduced its interest rate for the second time this year and ...Full Story»

Poland Industrial Output Growth Eases; Producer Prices Fall Further (03 hr(s), 54 min(s), 32 sec(s) ago)
(RTTNews) - Poland's industrial production expanded at a slower pace in August, while producer ...Full Story»