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Bank of England holds interest rates at 3.75%, with no increase in sight
Herz — Business Desk · · 30s summary · 1 min read
The essentials
The Bank of England held interest rates at 3.75% on Thursday, Bloomberg reported. Governor Andrew Bailey said the committee was not moving closer to raising rates, although three members voted for tighter monetary policy. The available information does not specify when the next decision will be made or what conditions could prompt a change in rates.
- Interest rates remain unchanged at 3.75%.
- Andrew Bailey says the committee is not moving closer to a rate increase.
- Three committee members backed tighter monetary policy.
What we know
The Bank of England held interest rates at 3.75% on Thursday, according to Bloomberg.
Governor Andrew Bailey said the committee was not moving closer to raising interest rates.
Three committee members nevertheless voted in favour of tighter monetary policy.
The decision in figures
3.75%
Interest rates held on Thursday
3
Members who backed tighter monetary policy
What remains uncertain
The available information does not specify the date of the next decision or the conditions that could lead to a change in interest rates.
Frequently asked questions
What interest rate did the Bank of England maintain?
It held interest rates at 3.75% on Thursday.
Does Andrew Bailey expect an interest-rate increase soon?
He said the committee was not moving closer to raising rates.
Was the committee’s decision unanimous?
No. The available information says three members voted for tighter monetary policy.
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