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Bank of England mirrors Federal Reserve and holds interest rates
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But the decision was not unanimous, as the nine members of the Monetary Policy Committee were split. Seven voted to hold rates and two opted to cut by 0.25 percentage points to 5%. Governor Andrew Bailey, Sarah Breeden, Ben Broadbent, Megan Greene, Jonathan Haskel, Catherine Mann and Huw Pill all voted in favour of the proposition. The two diverging members were Swati Dhingra and Dave Ramsden. The decision comes as inflation remained above the Bank's 2% target at 3.2%. How is potential central bank monetary policy divergence affecting asset allocation? Bailey had previously sign...
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Read more on investmentweek.co.ukAbout this in other media
Bank of Canada risks recession if it waits to cut interest rates: Rosenberg Research financialpost.com /5 days ago
Charting the global economy: BOE sends clearest sign yet of interest-rate cuts economictimes.indiatimes.com /1 week ago
British economy rebounds strongly in first quarter of the year, ending 'technical recession' abcnews.go.com /1 week ago
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