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The MPC voted in 5-4 in favour of decreasing the interest rate to its lowest level since February 2023.
The Bank of England’s (BoE) Monetary Policy Committee (MPC) has decided to cut the interest rate today (18 December) from 4% to 3.75% in its final meeting of the year.
The MPC voted 5-4 in favour of decreasing interest rates by 25bps, the lowest level since February 2023, with BoE governor Andrew Bailey's tiebreak vote falling on the cut side. He was supported...
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