Bank of England keeps interest rates at 4.25% but hints at cuts to come

<p>Governor says rates still on downward path but hard to predict timing of reductions in ‘highly unpredictable’ world</p><ul><li><p><a href="https://www.theguardian.com/business/live/2025/jun/19/bank-of-england-interest-rate-decision-trade-war-middle-east-conflict-oil-price-business-live-news-updates">Business live – latest updates</a></p></li></ul><p></p><p>The Bank of England has left interest rates on hold at 4.25%, though the central bank signalled that further cuts in the cost of borrowing were coming later this year after “clearer evidence” of rising unemployment amid a slowing economy.</p><p>Six members of the Bank’s nine-member monetary policy committee (MPC) voted to keep rates on hold while three supported a reduction to 4%, adding to the four quarter-point cuts since last August.</p> <a href="https://www.theguardian.com/business/2025/jun/19/bank-of-england-keeps-interest-rates-on-hold-inflation-global-economic-outlook">Continue reading...</a>