Bank of England Leaves Interest Rates Unchanged, Signals It's Closer to Cutting
Provided by
Dow Jones
By Paul Hannon and Will Horner
LONDON--The Bank of England kept its key interest rate unchanged at a 16-year high, but indicated that it is on course to join its European peers in cutting rates over the coming months.
The U.K.'s central bank on Thursday left its key rate at 5.25% for the sixth straight meeting of its policymakers, in line with what investors and economists had been expecting. But in a fresh sign that a move is getting closer, two of the nine members of its Monetary Policy Committee voted to lower the key rate to 5%.
Write to Paul Hannon at paul.hannon@wsj.com and Will Horner at will.horner@wsj.com
(END) Dow Jones Newswires
May 09, 2024 07:17 ET (11:17 GMT)
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