BoE holds rates for third straight meeting

“There is still a long way to go,” says Bailey

Bank of England and Stock Exchange
Bank of England
Rachael King

The Bank of England’s (BoE) monetary policy committee voted to keep its bank rate unchanged today (December 14), at 5.25%.

The monetary policy committee voted 6–3 for the hold, with the minority favouring a further 25 basis point increase. The November MPC meeting produced an identical split, with the same three members voting for another rate increase.

In a prepared comment, governor Andrew Bailey noted that headline inflation had fallen to 4.6% at the most recent reading in October. “But there

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