BoE base rate hold at 5.25% offers ‘relief for buyers and sellers’
By Elliot TophamThe Bank of England’s Monetary Policy Committee (MPC) has voted six to three to maintain the bank rate at 5.25%.
Section: Opinion
- 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%
Keywords: Bank of England, MPC, Andrew Gething, MorganAsh, Jason Tebb, OnTheMarket, Graham Cox, Self Employed Mortgage Hub