BoE holds rates for third straight meeting
“There is still a long way to go,” says Bailey
The Bank of England’s (BoE) monetary policy committee voted to keep its bank rate unchanged today (December 14), at 5.25%.
The monetary policy committee voted 6–3 for the hold, with the minority favouring a further 25 basis point increase. The November MPC meeting produced an identical split, with the same three members voting for another rate increase.
In a prepared comment, governor Andrew Bailey noted that headline inflation had fallen to 4.6% at the most recent reading in October. “But there
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