Bank of England holds interest rates at 5.25% despite hopes of cut
by Jane Dalton
May 09, 2024
2 minutes
The Bank of England has kept interest rates on hold at 5.25 per cent for the ninth month in a row.
However, while the central bank voted to hold rates, governor Andrew Bailey said he is “optimistic that things are moving in the right direction”.
Mr Bailey said there has been “encouraging news”
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