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Bank of England holds interest rate at 3.75% for sixth meeting

  • Bank of England kept its policy rate at 3.75% for a sixth consecutive meeting.
  • 6-3 was the vote approving the Bank of England’s interest-rate decision.
  • Greene, Mann and chief economist Pill supported raising rates, while guidance remained unchanged.

The Bank of England kept its policy rate at 3.75% for a sixth consecutive meeting, in line with market expectations. The decision passed by a 6-3 vote, with Greene, Mann and chief economist Pill supporting a rate increase. The central bank maintained its policy guidance, saying it would act if necessary.

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