Interest Rates
This coverage examines interest rate changes and their impact on the UK petcare industry, focusing on implications for retailers, wholesalers, distributors, and supply chain operators. Pet Gazette reports on Bank of England decisions, financial market trends, and economic forecasts, alongside analysis of how borrowing costs, consumer spending, and business investment are affected. Our coverage helps pet trade professionals understand the financial landscape, plan budgets, and adapt strategies in response to interest rate movements.
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Dec- 2025 -18 DecemberEconomy
BoE cuts interest rates to 3.75%
The Bank of England (BoE) has voted to cut interest rates from 4% to 3.75%, the lowest the level has been since February 2023, and marking the fourth rate cut made this year. The bankโs Monetary Policy Committee (MPC) voted by a majority of five to four to reduce Bank…
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Nov- 2025 -6 NovemberEconomy
BoE holds interest rates at 4% ahead of Budget
The Bank of England (BoE) has voted to keep interest rates steady at 4% ahead of the upcoming Budget announcement on 26 November.ย The bankโs Monetary Policy Committee (MPC) voted by a majority of five to four to maintain the rate, with four members voting to reduce it by 0.25…
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Sep- 2025 -18 SeptemberEconomy
BoE holds interest rates at 4%
The Bank of England (BoE) has voted to hold interest rates steady at 4% amid concerns around the recent rise in inflation. At a meeting this week, the Monetary Policy Committee (MPC) voted by a majority of 7โ2 to maintain the rate, as two members voted to reduce it by…
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Aug- 2025 -7 AugustBusiness
BoE cuts interest rates to 4%
The Bank of England (BoE) has cut interest rates to 4%, down from the previous rate of 4.25%, marking the fifth rate cut since last yearโs peak of 5.25%. At its meeting today (7 August), the bankโs monetary policy committee (MPC) voted by a majority of 5 to 4 to…
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May- 2025 -8 MayEconomy
BoE cuts interest rates to 4.25%
The Bank of England (BoE) has cut interest rates to 4.25%, down from the previous rate of 4.5%, marking the fourth rate cut since last yearโs peak of 5.25%. At its meeting ending on 7 May, the bankโs monetary policy committee (MPC) voted by a majority of 5โ4 to reduce…
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Mar- 2025 -20 MarchEconomy
BoE holds interest rates at 4.5%
The Bank of England (BoE) has voted to hold interest rates at 4.5%, having cut the rate last month to its lowest level since June 2023. At its meeting ending on 19 March, the bankโs monetary policy committee (MPC) voted by a majority of 8โ1 to maintain the rate at…
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Feb- 2025 -6 FebruaryEconomy
BoE cuts interest rates to 4.5%
The Bank of England (BoE) has voted to cut interest rates from 4.75% to 4.5%, the lowest level since June 2023, but warned that GDP growth has been โweaker than expectedโ. At its meeting this week, the bankโs monetary policy committee voted by a majority of 7โ2 to reduce the…
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Dec- 2024 -19 DecemberEconomy
BoE holds interest rates at 4.75%
The Bank of England (BoE) has voted to hold interest rates at 4.75%, following a recent hike in both inflation and wage growth. At its meeting this week, the bankโs monetary policy committee voted by a majority of 6โ3 to maintain the current rate. Three members voted to reduce interest…
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Nov- 2024 -7 NovemberEconomy
Bank of England cuts interest rates to 4.75%
The Bank of England has cut interest rates for the second time this year, with rates now cut to 4.75%. The bank voted by a majority of 8โ1 to reduce Bank Rate by 0.25 percentage points to 4.75%. One member preferred to maintain the previous rate of 5%. It had…
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Sep- 2024 -19 SeptemberEconomy
BoE holds interest rates at 5%
The Bank of England (BoE) has decided to hold interest rates at 5% this month, having lowered them for the first time in four years in August. The bank voted by a majority of 8-1 to keep the rate the same in a bid to help โsustain growth and employmentโ.…
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