UK inflation remains steady at 2% in June
Industry commentators discuss likelihood of August interest rate cut
MPC
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Bank of England holds interest rates at 5.25% ahead of summer rate cut expectations
Two out of nine MPC members voted to cut
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Bank of England holds interest rates steady at 5.25%
Eight of the nine MPC members voted to pause, while one favoured a 25bps cut
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PEOPLE MOVES: Cazenove Capital, Legg Mason, Investec AM
Schroders’ Cazenove Capital has appointed a UK chief executive, while Legg Mason has named a head of UK sales. Investec Asset Management has raided Threadneedle for a portfolio manager for its UK smaller companies fund.
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November cut on the cards after BoE holds rates
Economists expect another rate cut will materialise in November after the Bank of England’s Monetary Policy Committee (MPC) unanimously voted to hold rates at 0.25% on Thursday.
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BoE keeps rates on hold; is QE on the cards?
The Bank of England’s monetary policy committee (MPC) has surprised commentators by voting 8-1 to keep interest rates on hold at 0.5%.
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Just how fragile is the UK recovery
News that the Bank of England’s monetary policy committee was split seven to two on whether or not to raise interest rates at its latest meeting is unsurprising, but how much should be read into it?