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Bank of England holds rates after 14 straight hikes on cooler-than-expected inflation

2023-09-21 13:05:37| The Economic Times

A day after a surprise slowing in Britain's fast pace of price growth, the BoE's Monetary Policy Committee voted by a narrow margin of 5-4 to keep Bank Rate at 5.25%. It was the first time since December 2021 that the BoE did not increase borrowing costs.


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