Category: finely
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BOE Announced “Finely Balanced Cut” of 0.25% in a 5-4 MPC Vote
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It was a close call for the Bank of England, with policymakers voting 5-4 to cut interest rates by 0.25% from 5.25% to 5.00% at their August meeting. In their monetary policy statement, Bank of England officials said that weak wage growth and slower service sector inflation were expected to…