Live: Bank of England holds UK interest rates at 4.5%

The Bank of England voted to hold UK interest rates at their current level of 4.5% in March, as widely anticipated, after inflation rose to 3% in January

Summary

  • The Bank of England’s Monetary Policy Committee (MPC) voted to hold the base rate at 4.5% today.
  • The MPC voted 8-1 in favour of the proposition, with only Swati Dhingra voting against. Most experts had been forecasting a 7-2 split.
  • The decision comes after inflation rose by more than expected in January, hitting 3%.
  • The Bank of England has forecast that inflation could rise further to around 3.75% by the third quarter of the year.
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Good Wednesday morning. Welcome to our interest rates blog. We will be bringing you live updates on the Bank of England’s key decision tomorrow, starting with preview analysis today. Stick with us.

Interest rates expected to be held

Interest rates: which way will MPC members vote?

How dovish is the MPC?

The longer-term outlook for rates

Reuters poll: strong likelihood of a “hold”

Recap: What’s the latest with inflation?

How much attention will the Bank of England pay to Trump’s tariffs?

“UK will also feel the effects as the trade war escalates”

UK growth has been slowing

Ongoing wage pressure could encourage a cautious stance from the BoE

What will a 'hold' mean for mortgage rates?

What about savings?

FTSE 100 continues to rise

Thank you for following our preview analysis today. We will be back tomorrow, sharing further insights as the Bank of England announces its decision at midday. Join us then.

Good morning and welcome back to our interest rates live blog. The Bank of England will announce its next interest rate decision at midday today.

What does the latest labour market data show?

Fed held rates steady yesterday – will the BoE follow suit?

Back to the UK... wage growth still "stubbornly high"

Job market looks resilient, for now at least

ING: Bank of England becoming "more hawkish"

MPC announcement due at midday

BREAKING: Bank of England holds rates at 4.5%

MPC voted 8-1 in favour of holding rates

"We expected no rate cut"

BoE: Global trade policy uncertainty has intensified

BoE: Impact of Trump's tariffs on UK inflation still unclear

What did the Bank say about inflation?

Which factors will influence the BoE's decisions going forward?

Central banks unlikely to sway from quarterly rate cuts

Will the BoE cut rates at its next meeting in May?

What does a hold mean for your personal finances?

There should be "barely a ripple" in the mortgage market

Savings rates are still falling, despite a 'hold'

Deutsche Bank: "The MPC has given itself more flexibility"

That concludes our live coverage for today. Thank you for joining us.