BoE moves closer to rate rise

21 June 2018

 

At its June meeting held on Thursday, the Bank of England’s Monetary Policy Committee (MPC) held its official rate, known as Bank Rate, steady at 0.50%. Normally, a decision to do nothing would pass without much comment but, in this case, a couple of interesting developments have taken place Firstly, the number of members who voted in favour of a rate rise changed from two to three as the BoE’s...

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