MPC Rate Decision – 19/06/2025

At its latest meeting, the Bank of England’s Monetary Policy Committee (MPC) voted to maintain the base rate at 4.25%, citing persistent inflation pressures and a need for further evidence of sustained progress towards the 2% target.

While some had anticipated a cut, the decision reflects ongoing caution as core inflation and wage growth remain elevated.

The base rate continues to influence mortgage pricing, particularly for those on variable or tracker deals, and will be closely watched ahead of the next review.