Policymakers vote as expected for pause, with rate of annual price rises running at nearly double 2% target
Bank of England policymakers have left interest rates on hold at 4% amid concerns about persistent above-target inflation.
The central bank’s nine-member monetary policy committee (MPC) voted 7-2 to leave borrowing costs unchanged, after five cuts since summer 2024, including a reduction last month.
Continue reading…Policymakers vote as expected for pause, with rate of annual price rises running at nearly double 2% targetBank of England policymakers have left interest rates on hold at 4% amid concerns about persistent above-target inflation.The central bank’s nine-member monetary policy committee (MPC) voted 7-2 to leave borrowing costs unchanged, after five cuts since summer 2024, including a reduction last month. Continue reading…