BoE holds rates steady at 5% by hawkish 8-1 vote

BoE opted to keep the Bank Rate unchanged at 5.00%, as expected, with an 8-1 vote. Swati Dhingra, a known dove, was the only member voting for a 25bps rate cut. Deputy Governor Dave Ramsden, who has consistently supported cuts since May, chose not to vote for a reduction this time. In its statement, BoE […]

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