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Evening Standard

Business

Jonathan Prynn

Disappointment for home owners as BoE leaves rates unchanged at 3.75%

MPC Inflation GDP

Further cuts in interest rates are needed to kickstart the housing market, according to property industry leaders (Anthony Devlin/PA) - (PA Archive)

Millions of homeowners and small businesses were left disappointed today when the Bank of England decided not to cut interest rates.

The Bank’s Monetary Policy Committee (MPC) chaired by Governor Andrew Bailey voted by 5 to 4 to leave its benchmark interest rate on hold at 3.75%.

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