Monetary Policy Committee (MPC)

Money Moves

Voted 8-1 to raise rates

The Bank of England raised its benchmark interest rate to 4% on 5 November, the first increase since August 2023. Eight of the nine Monetary Policy Committee members backed the quarter-point move; Catherine Mann wanted a half-point.

Updated 4 days ago

Money Moves

Voted 9-1 for the October 26 hike

Pakistan's central bank raised its benchmark policy rate by half a percentage point to 12% on October 26, its first increase since April. Nine of the ten Monetary Policy Committee members voted for the move. Annual inflation was 10.3% in September, down from 11% in August but still well above the 5-7% target.

Updated Oct 28

Money Moves

Released minutes on October 21 showing support for further hikes, with caution on pace

India's central bank raised its benchmark lending rate by a quarter point to 5.5% on October 7, the first increase in nearly four years. September inflation came in at 5.54%, above the RBI's 5.2% forecast for the fiscal year.

Updated Oct 22

Money Moves

As of May 2026: Split committee determining the pace and endpoint of the UK’s easing cycle

This cut had courtroom drama energy. The Bank of England dropped rates to 3.75%—but only because Governor Andrew Bailey switched his vote and made it 5–4. The immediate market read was hawkish-by-UK-standards: sterling rose and gilt yields ticked higher as traders pared back expectations for rapid 2026 easing.

Updated May 15