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BOE Keeps Rate On Hold In 8-1 Vote
BOE Keeps Rate On Hold In 8-1 Vote The Bank of England held interest rates at 4.5% as expected, and says it will stick to a “gradual and careful” approach to easing as some of its more outspoken doves turned cautious. The vote split was 8-1 (expectations were for a 7-2 split), with external member Swati Dhingra voting for a 25bp cut and Mann moving into the unchanged group. The BoE said that interest rates are still on a gradually declining path. As with all the other central
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