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Bank Of England Hikes Rate In Split Vote

Por: RTTNews Business August 03, 2023

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The Bank of England raised its benchmark interest rate by a quarter point in a three-way split vote on Thursday.Six member of the Monetary Policy Committee including Governor Andrew Bailey voted to lift the bank rate by 25 basis points to 5.25 percent.Jonathan Haskel and Catherine Mann preferred to raise the rate by 50 basis points, while Swati Dhingra voted to hold the rate at 5.00 percent. The bank has lifted the benchmark rate over the last... + full article



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