The Bank of England has held interest rates at 5.25% in a decision that saw its rate-setting body split three ways.
The Bank admitted it had discussed cutting borrowing costs, with inflation - which measures the pace of price rises - set to fall quickly this year.
Bank chief Andrew Bailey said it would wait for firm evidence that inflation was under control before it cuts rates.
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https://www.bbc.com/news/b...
The Bank admitted it had discussed cutting borrowing costs, with inflation - which measures the pace of price rises - set to fall quickly this year.
Bank chief Andrew Bailey said it would wait for firm evidence that inflation was under control before it cuts rates.
#Uknews #business
#latestnews #BBC
Read more
https://www.bbc.com/news/b...
Bank of England policymakers split over interest rate decision - BBC News
Rates are held at 5.25%, but some Bank members voted to raise them while one backed a cut.
https://www.bbc.com/news/business-68164273
1 yr. ago
