Bank of England mirrors Federal Reserve and holds interest rates

Interest rates held at 5.25% for sixth time in a row

Eve Maddock-Jones
clock • 3 min read
Monetary Policy Committee: Back row (L-R): Huw Pill, Swati Dhingra, Dave Ramsden, Catherine Mann, Jonathan Haskel Front row (L-R): Ben Broadbent, Megan Greene, Andrew Bailey, Sarah Breeden || Credit: Bank of England
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Monetary Policy Committee: Back row (L-R): Huw Pill, Swati Dhingra, Dave Ramsden, Catherine Mann, Jonathan Haskel Front row (L-R): Ben Broadbent, Megan Greene, Andrew Bailey, Sarah Breeden || Credit: Bank of England

The Bank of England (BoE) has opted to hold interest rates for a sixth time in a row, coming in line with expectations.

But the decision was not unanimous, with the nine members of the Monetary Policy Committee split. Seven voted to hold rates and two voting to cut to by 0.25 percentage points to 5%. Governor ...

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