The divergence in the Bank of England's interest rate cuts has become evident, as it conducts its first dual-rate vote.

[Golden Finance] The Bank of England announced a rate cut on Thursday, but four of the nine policymakers sought to keep borrowing costs unchanged due to concerns over high Inflation. Due to a lack of consensus, the Monetary Policy Committee of the UK had to hold two interest rate votes for the first time in its history. With divisions on how to respond to Inflation, the Bank of England predicts that the inflation rate will soon be twice its 2% target, and with recent worsening unemployment, Governor Bailey and four colleagues supported lowering the interest rate from 4.25% to 4%. The four members supporting the maintenance of the interest rate included Deputy Governor Lambardelli, who broke from the majority stance for the first time, and Chief Economist Pill, who also voted to keep the interest rate unchanged at 4.25%.

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ThatsNotARugPullvip
· 28m ago
It's unclear.
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ImpermanentPhilosophervip
· 08-07 21:30
Another voting process? Just a narrow fluctuation.
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RugpullAlertOfficervip
· 08-07 11:35
Ha, the UK economy has also reached its limit.
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BearEatsAllvip
· 08-07 11:29
It feels like the British Bank is overwhelmed with everything.
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GasGuruvip
· 08-07 11:26
Interest rate cuts, the pound must be crying now.
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TokenDustCollectorvip
· 08-07 11:26
Interest rate cuts really can't withstand inflation.
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FrogInTheWellvip
· 08-07 11:22
What use is this slight reduction?
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AirdropHunterWangvip
· 08-07 11:17
When will the UK also fall hard?
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