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

Posted on AllSides September 21st, 2023
From The Center

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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