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Bank of England keeps interest rate at 5.25%

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The Bank of England has left its interest rate unchanged at 5.25%, a day after inflation unexpectedly fell by more than expected.

The Bank's monetary policy committee (MPC) voted 5-4 - the narrowest possible margin - to leave the cost of borrowing unchanged.

Up until the inflation data was released on Wednesday morning, markets had put an 80% probability on them raising the rate by a further quarter percentage point.

Read more: https://news.sky.com/story/bank-of-england-maintains-interest-rate-at-5-25-12966113

#bankofengland #interestrates #economy

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Category
World
Tags
bank of england, interest rates, sky news
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