Bank of England holds interest rates at 3.75% amid Iran war peace prospects | Crypto Craft

  • Bank of England holds interest rates at 3.75% amid Iran war peace prospects

    From cnbc.com

    The Bank of England held U.K. interest rates at 3.75% on Thursday, as policymakers continue to balance the need to address above-target inflation with lackluster economic output. The hold, which was in-line with the expectations of economists polled by Reuters, was backed by seven of the nine monetary policy committee members in the BOE’s May meeting. BoE chief economist Huw Pill and Megan Greene, an external member of the rates-setting Monetary Policy Committee, were the two dissenting voices. Pill and Greene both cast votes to hike the BOE’s “base rate” by 25 basis points to 4%. The decision comes as higher ... (full story)

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