Decision not to approve back-to-back cut in borrowing costs comes after inflation remained above Bank target
The Bank of England has kept interest rates unchanged at 5% as it put its efforts to ease the pressure on household budgets on hold.
The Bank’s monetary policy committee (MPC) voted by a majority against a back-to-back reduction in borrowing costs amid concerns over lingering inflationary pressures.
Continue reading… The Guardian Read More Decision not to approve back-to-back cut in borrowing costs comes after inflation remained above Bank targetThe Bank of England has kept interest rates unchanged at 5% as it put its efforts to ease the pressure on household budgets on hold.The Bank’s monetary policy committee (MPC) voted by a majority against a back-to-back reduction in borrowing costs amid concerns over lingering inflationary pressures. Continue reading…
