Bank of England Keeps Bank Rate at 4.50% as UK Services Inflation Moderates
Monetary Policy Committee votes 6-3 to hold rates steady, citing gradual cooling in private sector regular wage settlements and sterling stability.
By Dr. Henrik Lindqvist, Ph.D. in Banking & Macroeconomics • Reviewed by Genevieve Dubois, CFA • Updated November 4, 2026
Primary Source: Bank of England Monetary Policy Committee
The Bank of England’s Monetary Policy Committee (MPC) voted by a majority of 6–3 to hold Bank Rate unchanged at 4.50% at its scheduled November meeting.
Gilt Markets and Macro Indicators
- Services Inflation Easing: The Office for National Statistics (ONS) indicated annual services CPI declined to 4.7%, matching internal Threadneedle Street projections.
- Sterling Crosses: The British Pound traded resiliently against both the US Dollar ($1.3140) and the Euro (€1.1820).
- 10-Year Gilt Yield: Benchmark 10-year gilt yields traded flat at 4.12%, reflecting stable institutional demand.
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