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Search Nothing searched for. Please enter a search term. Monetary Policy Report - February 2025 4.5% Current Bank Rate Next due: 20 March 2025 3% Current inflation rate   Target: 2% Are we underestimating changes in financial markets? - speech by Andrew Bailey Given at The University of Chicago Booth School of Business, London Read more about Are we underestimating changes in financial markets? - speech by Andrew Bailey Bank Rate reduced to 4.5% - February 2025 The Bank of England’s Monetary Policy Committee is responsible for making decisions about Bank Rate. Read more about Bank Rate reduced to 4.5% - February 2025 Monetary Policy Report - February 2025 Our quarterly Monetary Policy Report sets out the economic analysis and inflation projections that the Monetary Policy Committee uses to make its interest rate decisions. 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