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# Bank of England Holds Bank Rate at 4.50% Amid Global Trade Uncertainty
- URL: https://www.theglobalbanker.com/bank-of-england-holds-bank-rate-4-50-march-2025-global-trade-uncertainty/
- Published: 2025-03-20T12:05:00.000Z
- Updated: 2026-10-29T09:34:21.000Z
- Description: The Bank of England kept its benchmark rate at 4.50%, maintaining a gradual approach to easing as US tariff policy clouded the global outlook.
- Author: TGB Editorial Team
- Tags: Central Banks, Europe, #archive

The Bank of England's Monetary Policy Committee held Bank Rate at 4.50% on 20 March 2025\. Policymakers reaffirmed a commitment to a gradual and careful withdrawal of monetary restriction.

The decision arrived at a moment when rising global trade uncertainty — linked to US tariff policy — was complicating the outlook for both growth and inflation across major economies. The MPC signalled that it would continue to weigh incoming economic data closely before making further adjustments.

#### MPC VOTE

Financial markets had expected Bank Rate to be held at this meeting. The minutes, published alongside the decision, showed an 8–1 vote, with Swati Dhingra preferring a 25 basis point cut to 4.25%.