# Bank of England unanimously votes to hold interest rates, shifting focus to inflation

> The Bank of England voted 9-0 to hold its benchmark rate at 0.5% and keep quantitative easing unchanged, as widely expected. Attention shifted to UK inflation at a five-and-a-half-year high and to when rate rises might come.

- Date: 2017-12-14 · published 2017-12-14T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/67720-bank-of-england-unanimously-votes-to-hold-interest-rates-shifting-focus-to
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Holding rates keeps sterling supported relative to some peers while policy stays cautious amid Brexit uncertainty. For feed buyers this is a currency and macro backdrop with little direct grain or feed price impact.

## Read by commodity

- DXY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-12-08 | [Bank of England to hold its line against rate cut talk - Business & Finance - Business Recorder](https://feedsoft.ai/events/32954-bank-of-england-to-hold-its-line-against-rate-cut-talk-business-and-finance.md) | -0.9% | -1.1% |
| DXY | 2024-08-30 | [FX Daily: US and eurozone inflation in focus \| articles \| ING THINK](https://feedsoft.ai/events/29011-fx-daily-us-and-eurozone-inflation-in-focus-articles-ing-think.md) | +0.2% | -0.9% |
| DXY | 2021-11-15 | [Bank of England says December Rate Hike "In Play"](https://feedsoft.ai/events/44294-bank-of-england-says-december-rate-hike-in-play.md) | +0.6% | +1.2% |
| DXY | 2024-07-31 | [Wild swings as inflation data and Central bank updates drive volatility - OFX](https://feedsoft.ai/events/29535-wild-swings-as-inflation-data-and-central-bank-updates-drive-volatility-ofx.md) | -0.5% | -1.9% |
| DXY | 2017-11-02 | [Bank Rate increased to 0.50% - November 2017 \| Bank of England – the UK's central bank](https://feedsoft.ai/events/68228-bank-rate-increased-to-0-50-november-2017-bank-of-england-the-uk-s-central-bank.md) | -0.1% | -1.5% |

## Sources

- cnbc.com: https://www.cnbc.com/2017/12/14/bank-of-england-unanimously-votes-to-hold-interest-rates-shifting-focus-to-inflation.html?__source=sharebar%7Ctwitter&par=sharebar

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