BoE base rate hold at 5.25% offers ‘relief for buyers

the BoE has held the base rate at 5.25% since August

news | Over 2 years ago | Elliot Topham

The Bank of England’s Monetary Policy Committee (MPC) has voted six to three to maintain the bank rate at 5.25%.

Two members of the committee preferred to increase the rate by 0.25bps to 5.5% while one voted to reduce the bank rate by 0.25bps to 5%.
The base rate has remained the same number since August 2023.
Industry reacts to Bank of England maintaining base rate at 5.25%

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Bank of England MPC Andrew Gething MorganAsh Jason Tebb OnTheMarket Graham Cox Self Employed Mortgage Hub

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