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The cost-of-living crisis is not over yet
Unsurprisingly, the Bank of England has voted to keep interest rates at 3.75 per cent. The Bank’s Monetary Policy Committee (MPC), which decides these things, split 7-2 in favour of the decision. A hold in rates is welcome but had largely been priced in already, given yesterday’s cooler-than-expected inflation figures, which saw the consumer price
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cityam.com
Hold interest rates, City AM Shadow MPC tells Bank of England
City AM’s Shadow Monetary Policy Committee said interest rates should be kept at 3.75 per cent as some warned of credibility issues.
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cryptobriefing.com
British inflation holds at 2.8% in May, undercutting forecasts ahead of Bank of England rate decision
UK inflation held steady at 2.8% in May, below the 3% markets expected, as the Bank of England prepares its June rate decision with rates at 3.75%.
