Monetary Policy Committee (MPC)

Stories

RBI hikes repo rate for first time since 2023

Voted unanimously to hike rates

India's central bank raised its benchmark lending rate for the first time in more than three years. The 25 basis point hike brings the repo rate to 5.5%.

Updated Yesterday

Bank of England cuts to 3.75%—one vote, two stories, and a fight over what “neutral” means

Money Moves

Split committee determining the pace and endpoint of the UK’s easing cycle

This cut had courtroom drama energy. The Bank of England dropped rates to 3.75%—but only because Governor Andrew Bailey switched his vote and made it 5–4. The immediate market read was hawkish-by-UK-standards: sterling rose and gilt yields ticked higher as traders pared back expectations for rapid 2026 easing.

Updated May 15