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Evening Standard
Evening Standard
Business
Anna Wise

Bank of England holds interest rates at 4.75% but says UK economy stagnating

Bank of England MPC United Kingdom Economy Interest Rates England Inflation PA Graphics Monetary Policy Matt Swannell
UK interest rates have been held at 4.75% following a divided vote among Bank of England policymakers (Aaron Chown/PA) - (PA Wire)

UK interest rates have been held at 4.75% following a divided vote among Bank of England policymakers, as they weighed up concerns over a stagnating economy and persistent inflation.

The Bank’s Monetary Policy Committee (MPC) said it was keeping rates unchanged on Thursday after cutting the level in August and again in November.

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