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BoE holds rates at 3.75% as it waits to see impact of Iran war
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NEWSDECK ANALYSIS
The Bank of England's decision to hold interest rates steady is closely tied to its assessment of the UK economy's resilience to global events, including the ongoing conflict in Iran. The Monetary Policy Committee's vote reflects differing views on the trajectory of inflation, with some members more optimistic about a decline in underlying price pressures. This split highlights the challenges the BoE faces in balancing its response to domestic economic trends with the potential impact of geopolitical instability.
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FT UK
BoE holds rates at 3.75% as it waits to see impact of Iran war
Monetary Policy Committee split six to three, with key voters more confident that underlying price pressures are receding
30 Jul, 16:16
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