Bank of England's Interest Rate Decision: A Split Vote

Bank of Englands Monetary Policy Committee reveals split decision on interest rates, with four members voting to cut to 3.75% and five maintaining the rate at 4%. Governor Andrew Bailey explains his stance, emphasizing the need for sustained evidence of inflation slowing down. The committees transparent deliberations provide insight into the complex factors influencing their decisions on managing inflation.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.