Bank of England pauses for first time since December 2021

MPC votes 5–4 to halt cycle amid slowing inflation and a sluggish economy

The Bank of England
Bank of England

The Bank of England (BoE) held its policy rate on September 21 at 5.25%, after 14 consecutive increases. The monetary policy committee voted 5–4 to begin a pause, with the minority favouring a further 25 basis point increase.

Since December 2021, the BoE has raised its policy rate from 0.1% to its present level. The bank rate was last this high in 2008.

The move follows surprisingly low inflation readings for August. Headline inflation was 6.7% year on year last month, down from 6.8% the month

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.