Bank Rate reduced to 4.25% - May 2025

The Bank of England’s Monetary Policy Committee is responsible for making decisions about Bank Rate.
Published on 08 May 2025
The Bank of England Act 1998 gives the Bank of England operational responsibility for setting monetary policy to meet the Government’s inflation target. Operational decisions are taken by the Bank’s Monetary Policy Committee. The minutes of the Committee meeting ending on 18 June will be published on 19 June 2025.