In the News
Bank of England comes close to raising interest rates
The MPC voted 5-3 to keep policy rates at 0.25% at the June meeting of the Monetary Policy Committee. CPI inflation has jumped to 2.9% and many economists expect it to climb above 3% in the months ahead as the effects of a weaker exchange rate feed through directly to prices. The pound jumped on news that the UK interest rate cycle may (finally) be beginning to turn.
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