BoE reduced the Bank Rate by 25bps to 4.75%, in line with expectations. The Monetary Policy Committee made the decision by an 8-1 vote, with Catherine Mann dissenting, preferring to keep rates steady. In its statement, BoE highlighted that a “gradual approach” to reducing policy restraint remains “appropriate,” stressing that restrictive monetary policy will need […]
The post BoE cuts 25bps, emphasizes gradual easing amid upgraded inflation projections appeared first on Action Forex.
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