Bank of England holds rates at 5.25% in 5-4 split vote

MPC members narrowly voted to raise interest rates by 25bps after inflation fell

Valeria Martinez
clock • 4 min read
The MPC voted 5-4 to maintain the 5.25% rate
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The MPC voted 5-4 to maintain the 5.25% rate

The Bank of England (BoE) has paused its hiking cycle and opted to keep interest rates at the current level of 5.25% after inflation unexpectedly fell in August.

It was a tight split decision by the bank, with five members of the Monetary Policy Committee (MPC) voting to maintain the bank rate at 5.25%, while four members preferred to increase rates by 25bp...

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