As decided by the US Federal Reserve, the Bank of England Monetary Policy Committee, (MPC) at its meeting ending on 20 March 2024, voted by a majority of 8–1 to maintain Bank Rate at 5.25%.
BOE monetary policy committee members must now judge ... the stronger news on domestic price pressures means the Bank of England will probably continue to cut interest rates only gradually ...
The Bank of England's chief economist Huw Pill said that despite forecasts of inflation climbing to 3.7% in the second half ...
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