Bank of England — MPC Summary (UK, 2025)

Bank Rate reduced to 4.5% - February 2025 | Bank of England Our use of cookies We use necessary cookies to make our site work. We d also like to use some non-essential cookies (including third-party cookies) to help us improve the site. By clicking  Accept recommended settings  on this banner, you accept our use of analytics cookies. For more information on how these cookies work please see our Cookie policy . Accept recommended cookies Proceed with necessary cookies only Skip to main content Main menu Close main menu Topics Open Topics sub menu Back to main menu Banknotes Open Banknotes sub menu Back to main menu Counterfeit banknotes Current banknotes Damaged and contaminated banknotes Exchanging old banknotes Note Circulation Scheme Advice for retailers and businesses Scottish and Northern Ireland banknotes Using images of banknotes Wholesale cash supervision Withdrawn banknotes Careers Open Careers sub menu Back to main menu Application tips Career Returner Programme Future talent Our locations Research careers We value diversity and inclusion What we offer you Why you should join us Climate change Digital pound Education Open Education sub menu Back to main menu Competitions Education resources Research support programme Request a speaker for your school Financial stability Open Financial stability sub menu Back to main menu Digital Securities Sandbox (DSS) Financial market infrastructure supervision Operational resilience of the financial sector Resolution Trade Repository (TR) Data Collections Gold Markets Open Markets sub menu Back to main menu Bank of England Market Operations Guide Eligible collateral Fair and Effective Markets Foreign curre