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Evening Standard
Evening Standard
Business
Jonathan Prynn

Bank of England leaves interest rates on hold at 4%

Interest Rates MPC Inflation

The Bank of England has left interest rates unchanged at 4% in a disappointment for home owners and businesses.

The Bank’s Monetary Policy Committee (MPC) said the rate of inflation is still too high to justify a further reduction in the cost of borrowing. It voted by 7 to 2 to hold the benchmark rate.

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