Bank of England reduce Bank Base Rate by 0.25% despite inflationary Budget
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The Bank of England’s Monetary Policy Committee (MPC) Hawks won out today voting by 8 – 1 to reduce the Bank Base rate by 0.25% from 5% to 4.75%.
This was despite a recent Labour Budget widely perceived as inflationary as the Bank of England projects the measures announced by Chancellor Rachel Reeves to add 0.5% to the inflation figures.
View Full Article: Bank of England reduce Bank Base Rate by 0.25% despite inflationary Budget
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