The Bank of England is on the path to keeping interest rates unchanged.

Bank of England Keeps Policy Rate Steady

The Bank of England (BOE) held its November meeting and decided not to make any changes to its policy rate. In this period of ongoing economic uncertainties, the BOE opted to maintain the current interest rate at 4%.

What Were Economists' Expectations?

According to a survey conducted by Bloomberg between October 27 - October 31, the median predictions of economists also indicated that the BOE's interest rate would remain at this level. Additionally, downward revisions are expected in inflation forecasts for 2025 and 2026.

Previous Rate Cuts

Since 2025, the BOE, which had previously announced ten rate decisions, had recently lowered the policy rate by 25 basis points from 4.75% to 4%. This situation created a significant impact in the markets.

Conclusion

The Bank of England's decision on interest rates will continue to be closely monitored in the financial markets. Changes in economic growth and inflation outlooks will shape future monetary policies.