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World

Has the Bank of England done enough to stave off recession?

3 November 2023

12:08 AM

3 November 2023

12:08 AM

The Bank of England has held interest rates at their 15-year high for a second time. Markets were expecting another pause, but there was no guarantee: once again the Monetary Policy Committee (MPC) was split on the decision, voting 6 – 3 to hold rates at 5.25 per cent. The minority on the committee were in favour of increasing rates by 0.25

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