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Bank of England kept its key interest rate unchanged, voting 6-3 to maintain the 3.75% Bank Rate; MPC cited limited evidence of second-round effects, while rising energy prices raise the prospect of a November hike.
Bank of England’s MPC voted 6-3 to keep the bank rate unchanged. Catherine Mann, Megan Greene, and Huw Pill voted for a quarter-point hike.
London’s FTSE 100 climbed about 0.4% within 15 minutes after the Bank of England kept its key interest rate unchanged.
The Bank of England kept its key interest rate unchanged, while noting future rises remain possible as energy prices continue to drive inflation.
BoE Holds Bank Rate At 3.75%; As Expected
The Bank of England held U.K. interest rates at 3.75% on Thursday, as policymakers continue to balance the need to address above-target inflation with lackluster economic output. The hold, which was in-line with the expectations of economists polled by Reuters, was backed by seven of the nine monetary policy committee
The Bank of England held U.K. interest rates at 3.75% on Thursday, as policymakers continue to balance the need to address above-target inflation with lackluster economic output. The hold, which was in-line with the expectations of economists polled by Reuters, was backed by seven of the nine monetary policy committee