Bank of England leaves interest rates unchanged for a fifth consecutive meeting

The Bank of England announced on Thursday that it had left its benchmark interest rate unchanged at 3.75% at the conclusion of its July 30 monetary policy meeting. The decision was in line with market expectations and marked the fifth consecutive meeting in which policymakers kept borrowing costs unchanged. The rate remains at its lowest level since December 2022.

Economic Outlook

Surprise factor: None

Assessment: Neutral for the British pound

Market impact: Low

Immediate market reaction: Negative