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Breaking: Bank of England holds interest rates at 5.25%
Bank of England voting hints change is coming as rate held at 5.25% – savers urged to act now.
The Bank of England has held its base rate at 5.25%.
The BoE left the Bank Rate untouched today but MPC voting left a dovish feeling post-decision. At the last meeting, six out of nine members voted to keep rates unchanged, two voted for a rate hike, and one member voted for a rate cut. Today’s vote, eight unchanged and one cut, suggests that rate cuts are nearing.
Details later….
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