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Professional Adviser
  • Economics / Markets

BoE maintains interest rates at 0.5%; Two members vote for rise

Market anticipates a May hike

Governor of the Bank of England Mark Carney
Governor of the Bank of England Mark Carney
  • Mike Sheen
  • 22 March 2018
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The Bank of England's Monetary Policy Committee (MPC) has voted to hold interest rates at their current level of 0.5%, although two members voted to hike rates by 25 basis points (bps).

The dissent from two members, Ian McCafferty and Michael Saunders, to vote for a hike is in contrast to the February meeting, at which all seven members voted unanimously to hold rates. In the aftermath...

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