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The Independent UK
The Independent UK
National
Andy Gregory

UK interest rates live: Bank of England holds at 5% after shock US Fed cut

Bank of England Interest Rates United Kingdom Monetary Policy Committee Andrew Bailey Monetary Policy

The Bank of England has voted against a further cut to interest rates, after the latest UK inflation figures remained stubbornly high.

The nine rate-setters on the Bank’s Monetary Policy Committee (MPC) voted 8-1 to keep the base rate unchanged at 5 per cent, a level which – prior to last year – had last been seen in 2008 during the global financial crisis.

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