The Bank of England has announced it will keep interest rates on hold at 5.25 per cent for the fourth time in a row. Earlier today, the central bank’s Monetary Policy Committee (MPC) confirmed that the UK’s base rate would not be cut from its 15-year-high.
Six members of the committee voted for interest rates to remain unchanged, while two MPC members voted for another hike to rates. Only one member voted for a cut.
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