Governor Andrew Bailey was the most dovish of the officials who held rates and that he edged closer to backing a reduction, judging that the risks to inflation had “moved down to become more balanced recently.” Photograph: Chris Ratcliffe/Bloomberg
The Bank of England held interest rates at 4 per cent in a tight vote that laid the groundwork for a December cut.
Five members of the Monetary Policy Committee voted to leave policy unchanged, with Governor Andrew Bailey swinging the decision, while four called for a quarter-point cut to 3.75 per cent.
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