Category: Emphasized
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BOE Kept Rates at 5.00% and Emphasized Its ”Gradual” Approach to Easing
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Bank of England members voted 8-1 to keep the bank’s official cash rate at 5.00% in September. Swati Dhingra, a member known for her dovishness, voted for another 25 basis point rate cut after a similar cut in August. The vote was much less “balanced” than the 5-4 rate cut…