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Tag Archives: Hold Rates

Pound Sterling Surges as Bank of England Holds Rates 

The Bank of England maintained interest rates at 5.0% on Thursday, with the Monetary Policy Committee voting 8-1 to keep rates unchanged, outperforming expectations of a 7-2 vote in favor of holding rates. Only external member Swati Dhingra voted for a further quarter-point rate cut, following the BoE’s first reduction in borrowing costs since 2020 […]