the Bank of England (BoE) decided to maintain its benchmark interest rate at 5.25%, marking the seventh consecutive meeting without a change. This decision comes amid a backdrop of significant debate within the Monetary Policy Committee (MPC), with a finely balanced split: seven members voted to hold rates steady while two advocated for a 0.25% cut .
Source:- BBC news
The decision to keep rates unchanged reflects ongoing concerns about persistent inflationary pressures, especially within the services sector, despite headline inflation meeting the BoE’s 2% target for the first time in almost three years. Governor Andrew Bailey emphasized the need for further evidence to ensure inflation remains controlled before considering any rate cuts
Source:- India today
Looking ahead, there is growing anticipation for potential rate cuts as early as August. Analysts point to the possibility of easing monetary policy if upcoming economic data supports a sustained decrease in inflation pressures. The BoE has indicated that its next review in August will be crucial, and markets are increasingly betting on a rate reduction during that meeting
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