Monetary Policy Committee decisions  The MPC has reduced the repo rate by a cumulative 275 basis points, to 3.50% per annum.
Four repo rate cuts have been made since March 2020, as follows:   a 100 basis points cut in March 2020;    a 100 basis points cut at a special MPC meeting in April 2020;    a 50 basis points cut in May 2020; and    a 25 basis points cut in July 2020.