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Bank of England holds rates at 4% but signals likely cut in December
BOE holds rates at 4% but leans toward cutting in December, signalling inflation peak but growth concerns remain.
On 6 November 2025, the Bank of England kept its base rate at 4% following a narrow 5‑4 vote, though Governor Andrew Bailey said inflation, at 3.8%, appears to have peaked and a rate reduction is probable after the government’s budget later this month. The central bank described its stance as a “dovish hold”, with markets pricing a ~65% chance of a December cut. Bond yields fell and the pound edged higher on the signal of future easing.