Sky News
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Bank of England keeps interest rate at 5.25%
Posted
September 21, 2023
Views
15,355
Likes
39
Comments
4
Engagement
0.28%
September 21, 2023
15,355
39
4
0.28%
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6:13Now PlayingThe Bank of England has left its interest rate unchanged at 5.25%, a day after inflation unexpectedly fell by more than expected.
The Bank's monetary policy committee (MPC) voted 5-4 - the narrowest possible margin - to leave the cost of borrowing unchanged.
Up until the inflation data was released on Wednesday morning, markets had put an 80% probability on them raising the rate by a further quarter percentage point.
#bankofengland #interestrates #economy
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