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BoE MPC: Members who backed the hold decision believe tighter financial conditions allow more time to see evidence on inflation risks.
UK holds interest rates at 3.75% with 6-3 vote
Little Sign Of Second-Round Effects So Far But Caution Needed; There Have Been Clear Signs Of Disinflation In Recent Data Risks To Inflation Forecasts Are Tilted To Upside But Scope Remains For Outlook To Change Materially Depending On Iran War Strong Demand For Ai Components And El Nino Pose Upside Risks To Inflation