BoE MPC Vote Rate Cut

Interest rates are set by the Bank’s Monetary Policy Committee. The MPC sets an interest rate it judges will enable the inflation target to be met. The Bank's Monetary Policy Committee (MPC) is made up of nine members – the Governor, the two Deputy Governors, the Bank's Chief Economist, the Executive Director for Markets and four external members appointed directly by the Chancellor. The appointment of external members is designed to ensure that the MPC benefits from thinking and expertise in addition to that gained inside the Bank of England.

Most recent - Thursday 6 February 2025 12:00

Lower numbers than forecast tend to be bullish for xxx/GBP pairs and bearish for GBP/xxx pairs.

Next event - Thursday 20 March 2025 11:00

The typical/expected impact on GBP pairs is high.

There is no forecast value for BoE MPC Vote Rate Cut yet - check back for updates.

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Economic context

Recent economic data has been broadly neutral for GBP. Other recent announcements which may affect the market's interpretation of the next BoE MPC Vote Rate Cut result:

About BoE MPC Vote Rate Cut

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