BoE raises rate 25bp as ‘mixed’ data clouds outlook
“I don’t think it is time to declare it is all over,” Bailey says
The Bank of England raised its policy rate 25 basis points today (August 3) in a decision that saw a complicated economic outlook trigger divergent views among policy-makers.
The decision brought the main rate to 5.25%. Six of the nine members of the monetary policy committee supported the decision, but two wanted a 50bp increase and one preferred to keep rates on hold.
Governor Andew Bailey described recent data as “mixed”, during a press conference. He said there were some signs falling
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