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'Loose labour market conditions, and higher interest rates faced by households and businesses than prior to the conflict, will act to reduce inflation over time,' said the BoE's MPC.
The Bank of England’s (BoE) Monetary Policy Committee (MPC) has voted to hold interest rates at 3.75% for the fifth consecutive time today (30 July).
The vote was split with three members, Megan Greene, Catherine Mann and Huw Pill, opting for a rate hike of 25bps to 4%. The other six voted to maintain the rate unchanged. The MPC said that whi...
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