BoE maintains status quo as hawks relinquish rate hike demands

BoE maintained the Bank Rate at 5.25% as widely expected. The decision was made by an 8-1 vote, with Swati Dhingra singularly advocating for a reduction again. Notably, previous hawks Jonathan Haskel and Catherine Mann adjusted their positions, refraining from advocating for hikes this round. BoE noted that February’s CPI inflation rate of 3.4% was […]

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