Bank of England meets expectations by holding rates at 5.25%

6-3 split among MPC members

Elliot Gulliver-Needham
clock • 3 min read
Bank of England meets expectations by holding rates at 5.25%

The Bank of England has held interest rates at 5.25%, meeting market expectations and raising hopes that its rate hiking cycle has peaked.

The central bank's Monetary Policy Committee (MPC) noted six to three to hold interest rates, with the minority voting to hike rates by 25bps. Last month, the MPC voted five to four to hold inte...

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