{"id":55654,"date":"2025-11-06T08:08:37","date_gmt":"2025-11-06T12:08:37","guid":{"rendered":"https:\/\/stockmarketwatch.com\/stock-market-news\/bank-of-england-holds-rates-at-4-four-members-dissent-for-cut\/55654\/"},"modified":"2025-11-06T08:08:37","modified_gmt":"2025-11-06T12:08:37","slug":"bank-of-england-holds-rates-at-4-four-members-dissent-for-cut","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/bank-of-england-holds-rates-at-4-four-members-dissent-for-cut\/55654\/","title":{"rendered":"Bank of England Holds Rates at 4%, Four Members Dissent for Cut"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li>The <strong>Bank of England (BoE)<\/strong> Monetary Policy Committee (MPC) voted <strong>5-4<\/strong> to maintain the Bank Rate at <strong>4%<\/strong> in November 2025, with four members advocating for a <strong>25 basis point cut<\/strong> to 3.75%.<\/li>\n<li>BoE guidance indicates that interest rates are likely to follow a &quot;<em>gradual downward path<\/em>&quot; as disinflation progresses, with overall risks to inflation now considered more balanced.<\/li>\n<li>The UK <strong>2-year Gilt yield<\/strong> fell following the BoE statement, while traders are holding steady on easing bets, anticipating <strong>15 basis points of cuts in December<\/strong>.<\/li>\n<li><strong>US Foods<\/strong> (<a href=\"\/stock\/USFD\">USFD<\/a>) and <strong>Tapestry<\/strong> (<a href=\"\/stock\/TPR\">TPR<\/a>) reported strong quarterly earnings, beating analyst expectations and raising their full-year outlooks.<\/li>\n<li><strong>Echostar<\/strong> (<a href=\"\/stock\/SATS\">SATS<\/a>) announced a significant <strong>$2.6 billion<\/strong> deal to sell its unpaired AWS-3 spectrum licenses to <strong>SpaceX<\/strong> in exchange for stock.<\/li>\n<\/ul>\n<p>The Bank of England&#39;s Monetary Policy Committee (MPC) has decided to keep the benchmark Bank Rate unchanged at <strong>4%<\/strong> following its November 2025 meeting. This decision, announced on Thursday, November 6, 2025, was reached with a narrow <strong>5-4 vote<\/strong>, indicating a significant division among policymakers. Four members\u2014Sarah Breeden, Swati Dhingra, Dave Ramsden, and Alan Taylor\u2014voted to reduce the Bank Rate by <strong>0.25 percentage points<\/strong> to 3.75%. This split highlights the ongoing debate within the central bank regarding the appropriate pace of monetary policy adjustment.<\/p>\n<p>The BoE&#39;s forward guidance suggests that if progress on disinflation continues, the Bank Rate is &quot;likely to continue on a gradual downward path,&quot; emphasizing a &quot;<em>gradual and careful approach<\/em>&quot; to further withdrawal of monetary policy restraint. The MPC noted that the restrictiveness of monetary policy has decreased as the Bank Rate has been reduced, and that overall risks to inflation are now more balanced. However, the committee also stressed that &quot;more evidence is needed to be sure that CPI is on track to return to 2%.&quot; The BoE forecasts <strong>CPI inflation<\/strong> to be <strong>2.5%<\/strong> in one year&#39;s time based on market interest rates.<\/p>\n<p>Economic projections from the BoE indicate a revised <strong>GDP growth<\/strong> of <strong>0.2% quarter-on-quarter<\/strong> for Q3 2025, down from a September forecast of 0.4%, and <strong>0.3%<\/strong> for Q4 2025. Private-sector regular wage growth is projected at <strong>3.5% year-on-year<\/strong> for Q4 2025, gradually declining to 2.9% by Q4 2027. The unemployment rate is predicted to be <strong>5.0%<\/strong> in Q4 2025 and Q4 2026, falling to 4.7% by Q4 2028. Market rates imply a Bank Rate of <strong>3.9%<\/strong> in Q4 2025, <strong>3.5%<\/strong> in 2026, <strong>3.5%<\/strong> in Q4 2027, and <strong>3.6%<\/strong> in Q4 2028. In response to the BoE statement, the <strong>UK 2-year Gilt yield<\/strong> fell by <strong>2 basis points<\/strong> to <strong>3.79%<\/strong>. Traders are maintaining their easing bets, with expectations for <strong>15 basis points of cuts in December<\/strong>.<\/p>\n<p>In corporate news, <strong>US Foods Holding Corp.<\/strong> (<a href=\"\/stock\/USFD\">USFD<\/a>) reported robust Q3 2025 earnings, with adjusted EPS of <strong>$1.07<\/strong>, surpassing the estimated <strong>$1.04<\/strong>. Revenue reached <strong>$10.2 billion<\/strong>, slightly above the <strong>$10.17 billion<\/strong> estimate. The company also raised its full-year adjusted EPS guidance to a growth range of <strong>+24% to +26%<\/strong>. Similarly, <strong>Tapestry Inc.<\/strong> (<a href=\"\/stock\/TPR\">TPR<\/a>) announced strong Q1 earnings, with adjusted EPS of <strong>$1.38<\/strong> against an estimated <strong>$1.26<\/strong>, and revenue of <strong>$1.70 billion<\/strong>, exceeding the <strong>$1.64 billion<\/strong> estimate. Tapestry also raised its full-year revenue forecast to <strong>$7.3 billion<\/strong> and adjusted EPS guidance to <strong>$5.45 to $5.60<\/strong>.<\/p>\n<p><strong>Bombardier<\/strong> (<a href=\"\/stock\/BBD.B\">BBD.B<\/a>) reported Q3 2025 revenues of <strong>$2.31 billion<\/strong>, exceeding estimates of <strong>$2.25 billion<\/strong>, but adjusted EPS came in at <strong>$1.21<\/strong>, below the estimated <strong>$1.41<\/strong>. The company delivered <strong>34 aircraft<\/strong> in the quarter, an increase of 4 units from Q3 2024. <strong>Becton Dickinson and Co.<\/strong> (<a href=\"\/stock\/BDX\">BDX<\/a>) posted Q4 2025 adjusted EPS of <strong>$3.96<\/strong>, slightly above the <strong>$3.92<\/strong> estimate, with revenue of <strong>$5.89 billion<\/strong>, largely meeting the <strong>$5.91 billion<\/strong> forecast.<\/p>\n<p>In other significant developments, <strong>Echostar Corp.<\/strong> (<a href=\"\/stock\/SATS\">SATS<\/a>) has agreed to sell its full unpaired AWS-3 spectrum license portfolio to <strong>SpaceX<\/strong> for approximately <strong>$2.6 billion<\/strong> in SpaceX stock. This transaction builds on a previous agreement between the companies from September. Additionally, <strong>Apple<\/strong> (<a href=\"\/stock\/AAPL\">AAPL<\/a>) has voiced strong criticism against the EU&#39;s digital competition laws, warning that they increase the likelihood of &quot;fraud and scams&quot; for users. Meanwhile, the <strong>European Union<\/strong> has acknowledged its lack of near-term power to significantly influence China on <strong>rare earths<\/strong> supply, a critical issue for various industries.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways The Bank of England (BoE) Monetary Policy Committee (MPC) voted 5-4 to maintain the Bank Rate at 4% [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50383,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center 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