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Bank of England halts run of interest rate hikes as economy slows

Posted on AllSides September 21st, 2023
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By William Schomberg, Andy Bruce and Suban Abdulla LONDON, Sept 21 (Reuters) - The Bank of England halted its long run of interest rate increases on Thursday as the British economy slowed, but it said it was not taking a recent fall in inflation for granted. A day after a surprise slowing in Britain's fast pace of price growth, the BoE's Monetary Policy Committee voted by a narrow margin of 5-4 to keep Bank Rate at 5.25%. Four members - Jon Cunliffe, Megan Greene, Jonathan Haskel and Catherine Mann -...

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https://reuters.com/markets/europe/bank-england-halts-run-interest-rate-hikes-economy-slows-2023-09-21

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