Bank of England narrowly cuts interest rates to 4% amid divided votes
TL;DR Summary
The Bank of England's monetary policy committee was deeply divided over interest rate decisions, resulting in a split vote with four members for no change, four for a quarter-point cut, and one for a half-point cut, leading to a cautious rate reduction to 4%. The decision reflects ongoing concerns about economic growth, inflation, and global trade impacts, with market reactions indicating a hawkish stance despite the divided votes.
Topics:top-news#bank-of-england#economy-and-politics#interest-rates#monetary-policy#rate-cut#vote-division
- Bank of England committee was so divided there were two votes on interest rates MarketWatch
- Bank of England cuts interest rates to 4% - live updates BBC
- Bank of England Cuts Rates to Two-Year Low After Rare Re-Vote Bloomberg.com
- UK interest rates: Bank of England cuts rates to 4% in tight vote Financial Times
- Bank of England narrowly votes to cut interest rates to 4% as balancing act continues CNBC
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