Bank of England keeps interest rates unchanged at 5%

Decision not to approve back-to-back cut in borrowing costs comes after inflation remained above Bank targetThe Bank of England has kept interest rates unchanged at 5% as it put its efforts to ease the pressure on household budgets on hold.The Bank’s monetary policy committee (MPC) voted by a majority against a back-to-back reduction in borrowing costs amid concerns over lingering inflationary pressures. Continue reading...

https://www.theguardian.com/business/2024/sep/19/bank-of-england-keeps-interest-rates-unchanged-at-5

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2024-09-19 11:12:24

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