Financial News: BoE Keeps Key Rate Unchanged At 4.25%

BoE Keeps Key Rate Unchanged At 4.25%

06/19/2025 - 07:16:00 (RTTNews)

(RTTNews) - The Bank of England maintained its interest rate on Thursday after cutting it by a quarter-point last month.

The Monetary Policy Committee voted 6-3 to hold the Bank Rate at 4.25 percent. Three members preferred to reduce the rate by 25 basis points.

The BoE has reduced the rate four times since last August.

A majority of members said disinflationary progress had continued, but there was not a strong case for a further easing of monetary policy at this meeting.

Inflation is likely to stay around 3.5 percent over the second half of 2025 before falling back towards the 2 percent target from next year.

"Given the outlook, and continued disinflation, a gradual and careful approach to the further withdrawal of monetary policy restraint remains appropriate," the bank said.

"Monetary policy would need to continue to remain restrictive for sufficiently long until the risks to inflation returning sustainably to the 2% target in the medium term had dissipated further," the bank added.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Malta Industrial Production Rebounds In May (15 hr(s), 41 min(s), 19 sec(s) ago)
(RTTNews) - Malta's industrial output expanded in May after a renewed decline in April, data f ...Full Story»

UK Economy Contracts For Second Straight Month (15 hr(s), 58 min(s), 19 sec(s) ago)
(RTTNews) - The UK economy shrank for the second consecutive month in May, adding challenges to Ch ...Full Story»

Turkey Retail Sales Growth Strongest In 14 Months (17 hr(s), 34 min(s), 19 sec(s) ago)
(RTTNews) - Turkey's retail sales expanded at the quickest pace in more than a year in May, th ...Full Story»

Swiss Consumer Confidence Rises In June (17 hr(s), 57 min(s), 19 sec(s) ago)
(RTTNews) - Swiss consumers remained less pessimistic in June as the confidence index rose further ...Full Story»

French Inflation Rises To 1% (18 hr(s), 35 min(s), 19 sec(s) ago)
(RTTNews) - France's consumer price inflation increased in June, at a faster than previously e ...Full Story»

German Wholesale Price Inflation Rises In June (19 hr(s), 03 min(s), 19 sec(s) ago)
(RTTNews) - Germany's wholesale price inflation accelerated in June largely reflecting higher ...Full Story»

Romania Inflation Rises To 5.7% (19 hr(s), 06 min(s), 19 sec(s) ago)
(RTTNews) - Romania's consumer price inflation accelerated in June to the highest level in mor ...Full Story»

UK GDP Shrinks Unexpectedly In May (19 hr(s), 39 min(s), 19 sec(s) ago)
(RTTNews) - The UK economy shrank unexpectedly in May on a sharp fall in industrial output, data f ...Full Story»