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The Economic Times
The Economic Times
Business

Bank of England policymakers keep rates on hold but more back hike

The Bank of England kept interest rates ​on hold as expected on Thursday, but a third policymaker backed a rate hike due to renewed conflict between the United States and Iran.

The Monetary Policy Committee voted 6-3 to keep rates at 3.75%, the central bank said on Thursday, rather than the 7-2 split most economists polled by Reuters had expected.

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