Article preview: Another Bank of England interest rate decision, another month of rates kept on hold. The Bank’s Monetary Policy Committee voted to keep interest rates on hold at 0.75%, continuing a now well-established pattern. But the makeup of the voting suggests the likelihood of a rate cut has increased. While seven members of the MPC voted to keep rates on hold, two members broke ranks and voted this month for a 0.25% rate cut.
Interest rates held, with pressure to cut
This 364-word blog post explains the latest Bank of England Monetary Policy Committee meeting interest rate decision and forecasts. Written on 9th November 2019.
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