Bank of England halts interest rate cuts amid persistent inflation

As priced in by markets

Sorin Dojan
clock • 5 min read
Bank of England halts interest rate cuts amid persistent inflation

The Bank of England’s (BoE) Monetary Policy Committee (MPC) opted to keep interest rates unchanged at 4.5% in its second meeting of the year.

Eight MPC members voted in favour holding the interest rate steady, while Swati Dhingra wanted to reduce the rate by another 0.25 percentage points. Last month, the MPC implemented a quarter poi...

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