# Bank of England holds rates but vote split surprises markets

> The Bank of England held its key rate at 4.75% at its final meeting of 2024, with a 6-3 vote in which three members wanted a cut. Staff downgraded fourth-quarter growth forecasts to zero from 0.3% after UK inflation rose to an eight-month high.

- Date: 2024-12-19 · published 2024-12-19T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/27199-bank-of-england-holds-rates-but-vote-split-surprises-markets
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

A split vote and weaker growth raise the odds of BoE rate cuts in 2025, which tends to weaken sterling against the dollar and shifts currency flows that matter to import costs for feed buyers.

## Read by commodity

- USDBRL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2023-08-30 | [EMERGING MARKETS-Latin American currencies up on weaker dollar; Brazil's real lags on rate-cut speculation](https://feedsoft.ai/events/34788-emerging-markets-latin-american-currencies-up-on-weaker-dollar-brazil-s-real.md) | +2.3% | +4.1% |
| USDBRL | 2023-09-26 | [EMERGING MARKETS-Brazil's real steady after inflation data, Hungary trims interest rates](https://feedsoft.ai/events/34325-emerging-markets-brazil-s-real-steady-after-inflation-data-hungary-trims.md) | +2.3% | +0.7% |
| USDBRL | 2026-10-01 | [Election uncertainty drives volatility in Brazil markets](https://feedsoft.ai/events/17670-election-uncertainty-drives-volatility-in-brazil-markets.md) | -3.5% | +4.1% |
| USDBRL | 2021-12-08 | [Brazil central bank makes 150 bps interest rate hike, signals another](https://feedsoft.ai/events/43827-brazil-central-bank-makes-150-bps-interest-rate-hike-signals-another.md) | +0.7% | +1.3% |
| USDBRL | 2025-06-30 | [Brazilian economists expect central bank to cut rates in early 2026 despite hawkish signals](https://feedsoft.ai/events/24422-brazilian-economists-expect-central-bank-to-cut-rates-in-early-2026-despite.md) | -0.3% | +2.1% |

## Sources

- cnbc.com: https://www.cnbc.com/2024/12/19/bank-of-england-holds-interest-rates-at-4point75percent-after-inflation-uptick.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.