Rate reaction: Three-way split highlights MPC divide   – Mortgage Strategy

Bank rate reaction: Three-way split highlights MPC divide   – Mortgage Finance Gazette

The decision by the Bank of England to cut the base rate by 0.25% to 4.25%, highlights a three-way divide among policymakers caused by shifting global trade.   The Bank’s rate-setting Monetary Policy Committee voted in a 5-2-2 split to cut rates, with Swati Dhingra… The post Bank rate reaction: Three-way split highlights MPC divide   appeared first on Mortgage Finance Gazette.

Rate reaction: Three-way split highlights MPC divide   – Mortgage Strategy

The decision by the Bank of England to cut the base rate by 0.25% to 4.25%, highlights a three-way divide among policymakers caused by shifting global trade.   The Bank’s rate-setting Monetary Policy Committee voted in a 5-2-2 split to cut rates, with Swati Dhingra and Alan Taylor pressing for a larger 0.5% reduction, while Catherine L Mann and Huw Pill were happy with the status quo.  The UK and the US are due to announce what is expected to …