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The BoE MPC Vote Cut represents the number of members within the Bank of England's Monetary Policy Committee who voted to reduce the benchmark interest rate. This figure is released alongside the interest rate decision and provides deep insight into the internal divisions or consensus among policymakers. A higher number of members voting for a cut suggests a dovish tilt, indicating that the central bank is concerned about slowing economic growth or low inflation. Analysts use this breakdown to predict the direction of future monetary policy shifts.
The Monetary Policy Committee consists of nine members who each cast one vote on the direction of interest rates. The 'Vote Cut' specifically counts how many of these nine individuals opted for a decrease from the current rate level.
| Date | Actual | Forecast | Surprise |
|---|---|---|---|
| Apr 30, 2026 | 9.00 | 9.00 | 0.00 |
| Feb 5, 2026 | 49.00 | 29.00 | +20.00 |
| Dec 18, 2025 | 59.00 | 59.00 | 0.00 |
| Nov 6, 2025 | 49.00 | 39.00 | +10.00 |
| Sep 18, 2025 | 29.00 | 29.00 | 0.00 |
| Aug 7, 2025 | 59.00 | 79.00 | -20.00 |
| Jun 19, 2025 | 39.00 | 29.00 | +10.00 |
| May 8, 2025 | 79.00 | 99.00 | -20.00 |
| Mar 20, 2025 | 19.00 | 29.00 | -10.00 |
| Feb 6, 2025 | 99.00 | 89.00 | +10.00 |
| Dec 19, 2024 | 39.00 | 19.00 | +20.00 |
| Nov 7, 2024 | 89.00 | 79.00 | +10.00 |
| Sep 19, 2024 | 19.00 | 29.00 | -10.00 |
| Aug 1, 2024 | 59.00 | 59.00 | 0.00 |
| Jun 20, 2024 | 29.00 | 29.00 | 0.00 |
| May 9, 2024 | 29.00 | 19.00 | +10.00 |
| Mar 21, 2024 | 19.00 | 19.00 | 0.00 |
| Feb 1, 2024 | 19.00 | 9.00 | +10.00 |
| Dec 14, 2023 | 9.00 | 9.00 | 0.00 |
| Nov 2, 2023 | 9.00 | 9.00 | 0.00 |
Watch the Bank of England's MPC voting breakdown for interest rate cuts. Forecasts suggest a unanimous 9-0 vote to hold rates, reflecting ongoing caution regarding persistent inflationary pressures.