The current base rate is 4% but analysts are split over whether another cut is incoming
(Getty Images)
The Bank of England (BoE) could be set to reduce interest rates today after inflation stuck lower than expected last month, along with jobs data showing vacancies are still falling. That has led some economists, including from Barclays and Goldman Sachs, to predict the [Monetary Policy Committee](https://www.the-independent.com/topi…
The current base rate is 4% but analysts are split over whether another cut is incoming
(Getty Images)
The Bank of England (BoE) could be set to reduce interest rates today after inflation stuck lower than expected last month, along with jobs data showing vacancies are still falling. That has led some economists, including from Barclays and Goldman Sachs, to predict the Monetary Policy Committee (MPC) members will vote to move from 4 per cent to 3.75 per cent.
It is far from a sure thing, with others including RSM UK still backing a cautious approach which sees the MPC hold this time and consider a rates cut for December, while even those predicting a cut still think the vote will be split significantly.
It’s worth noting that any cut or subsequent bond market movements is unlikely to impact Rachel Reeves’ upcoming Budget in terms of government headroom, as the OBR takes rates from a set date period which has almost certainly already passed.
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Interest rates, money and business news live - 6 November
Morning all, another busy day in store with the Bank of England’s latest MPC vote the headline story.
That’s later on but we’ll bring you all the analysts’ views ahead of the vote, as well as the latest business news and everything affecting your personal finances.
Karl Matchett6 November 2025 07:49