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Index/Organizations/Monetary Policy Committee

Monetary Policy Committee

Committee of the Bank of England that decides the United Kingdom's official interest rate

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Jan 23, 2026

What Bank Rate changes did Mark Carney implement after becoming Governor in July 2013?

took over as Governor of the in July 2013 with Bank Rate at 0.5% and presided over just three changes to that policy rate during his near-seven-year tenure, ending with Bank Rate at 0.75%—only 25 basi...