Bank of England holds Bank Rate steady at 5%, urging sustainable path to target inflation
by Doug Cunningham · UPISept. 19 (UPI) -- The Bank of England on Thursday held interest rates steady, saying it most work to reach its goal of 2% inflation in a sustainable way.
The Monetary Policy Committee voted 8-1 in favor of holding the Bank Rate at 5%, the dissenting member proposed a 0.25 percentage point cut.
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