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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Two out of nine MPC members voted to cut
Eight of the nine MPC members voted to pause, while one favoured a 25bps cut
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.
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.
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%.
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?