Review: BoE Leaves Rates Unchanged, But The Split Vote Suggests Further Easing Ahead

by Brunello Rosa and Nato Balavadze

In this paper we discuss:

• The BoE’s latest assessment of the UK economy, which remains resilient; 
• The decision to hold rates in June, with the likelihood of another cut in August; 
• How the economy has performed against the May 2025 forecasts; 
• The muted market reaction

Download PDF: BOE Review June 2025