Bank of England keeps interest rates at 5.25% in ‘finely balanced’ decision
by Phillip Inman from Economics | The Guardian on (#6NN98)
Seventh consecutive freeze comes despite fall in rate of inflation to 2% target last month
The Bank of England has held interest rates at 5.25% for the seventh consecutive time in what it described as a finely balanced" decision.
Dashing Rishi Sunak's hopes of a pre-election cut in the cost of borrowing, a majority of the Bank's monetary policy committee (MPC) said they wanted to see further evidence that price growth would remain subdued.
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