InterestRateDecision ECB in 14h 57m
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Bank of England Interest Rate Decision, May 2025

The Bank of England lowered the Bank Rate 25 bp to 4.25% on May 8, 2025, as expected.

Decision4.25%▼ cut −25 bp
Against expectedAs expectedexpected 4.25%
Previous4.50%Bank Rate
GBP/USD one hour later +82 pips from the last price before
The result

What the BoE decided in May 2025

The move −25 bp Cut 25 bp to 4.25%, from 4.50%.
Against expected No surprise Economists expected: cut 25 bp to 4.25%. The decision was as expected.
The vote 2 to hold, 7 to cut How the MPC voted at this meeting.
Timing 12:02 PM London Thursday, May 8, 2025.
What price did

GBP/USD after the BoE decision, minute by minute

One-minute candles, London time. The box is the hour before the announcement. How we measure.

GBP/USD one-minute chart around the Bank of England decision of May 8, 2025 The hour before the 12:02 announcement ranged 46 pips. The first spike went above it by 37 pips, and did not close back inside within the hour. 1.324 1.326 1.328 1.330 1.332 1.334 11:30 12:00 12:30 13:00 13:30 14:00 THE HOUR BEFORE BoE 12:02 Spike 1.33324 · 37 pips past the hour's high
  1. The hour beforeGBP/USD ranged 46 pips, from 1.32492 to 1.32949, and was at 1.32492 at the announcement.
  2. The first spike After 0 minutes price went through the hour's high and ran 37 pips past it.
  3. The close back No five-minute candle closed back inside the range within the hour: the first move held.
  4. The other side Not measured: it needs a close back first.
  5. The moves From the last price before the announcement: +67 pips at 15 minutes, +82 pips at one hour, +61 pips at four hours.
For context

Across 14 measured BoE decisions since January 2025, the first spike closed back inside the hour-before range within 60 minutes in 8 (57%), and in 5 of those price then took the other side within four hours. In the other 6 the first move held. Median move in the first 15 minutes: 29 pips.

This decision is one where the first move held. Counts include the decisions where it did not close back. All BoE dates · BoE overview.

← Previous decisionBoE, March 2025Held at 4.50% Next decision →BoE, June 2025Thu, Jun 19, 12:00 PM London
Questions

BoE May 2025 decision: questions

What time was the BoE interest rate decision on May 8, 2025?

It was announced at 12:02 PM London (7:02 AM EDT New York, 8:02 PM Tokyo Tokyo).

What did the BoE decide in May 2025?

Cut 25 bp to 4.25% (previous 4.50%). Economists expected: cut 25 bp to 4.25%, so the decision was as expected.

How did GBP/USD react to the BoE decision in May 2025?

On one-minute candles: the hour before ranged 46 pips; the first spike went above it by 37 pips; it did not close back inside within the hour; after one hour GBP/USD was +82 pips from its pre-announcement price.

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