---
title: Divided Bank of England boe leaves policy unchanged, says interestrates are ‘under review’
description: "- Inflation is projected to fall temporarily to the Bank’s 2% target in the second quarter of this year before rising again in the third and fourth, due to the varying contribution of energy prices to annual comparisons.\n- Headline inflation is not expected to return to target again until late 2026, the Bank’s newest Monetary Policy Report projected.\n- Bank of England: 6 votes to hold rates, 2 votes to hike, 1 vote to cut\nThis is the 6th time in the BoE's 295 meeting history that we've seen a 3 way split vote. On most occasions (except for '06) - the doves have won & BoE have gone on to cut rates sharply\nhttps://lnkd.in/e64nMDB6"
---

[Syz The Moment](https://blog.syzgroup.com/syz-the-moment)

# [Divided Bank of England boe leaves policy unchanged, says interestrates are ‘under review’](https://blog.syzgroup.com/syz-the-moment/divided-bank-of-england-boe-leaves-policy-unchanged-says-interestrates-are-under-review)

 Written by [Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/syz-the-moment/author/charles-henry-monchau) | Feb 2, 2024, 8:07:16 AM

[View full post](https://blog.syzgroup.com/syz-the-moment/divided-bank-of-england-boe-leaves-policy-unchanged-says-interestrates-are-under-review)

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