Economy
BoE holds interest rates at 4.75%
It comes as inflation has risen for the second month in a row, rising to 2.6% in November, up from 2.3% the previous month
The Bank of England (BoE) has voted to hold interest rates at 4.75%, following a recent hike in both inflation and wage growth. At its meeting this week, the bank’s monetary policy committee voted by a majority of 6–3 to maintain the current rate. Three members voted to reduce interest rates by 0.25 percentage points to 4.5%.
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