Bank of England holds rates, stresses June cut depends on coming data
- Another member of the Bank of England's Monetary Policy Committee voted for lower interest rates this month, moving closer to a rate cut.
- Inflation is expected to reach the 2% target soon, with a small increase afterwards, according to the Bank of England.
- The MPC voted 7-2 to keep UK interest rates at 5.25%, signaling a potential rate decrease in the near future.
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Leaning Left11Leaning Right6Center25Last Updated11 days agoBias Distribution60% Center
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60% Center
L 26%
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14%
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