Bank of England governor Andrew Bailey during the financial stability report press conference at the Bank of England in London today. Photo: PA
Reuters
The Bank of England (BoE) cut interest rates today but four of its nine policymakers – worried about high inflation – sought to keep borrowing costs on hold, suggesting the run of rate cuts might be nearing an end.
The contrasting views of the BoE’s top officials meant the Monetary Policy Committee (MPC) held two votes for the first time since it was created in 1997 in order to reach a decision.
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