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πŸ‡¬πŸ‡§ A 7-2 BoE vote exposes cracks in the rate-cut consensus

πŸ‡¬πŸ‡§ A 7-2 BoE vote exposes cracks in the rate-cut consensus

The Bank of England held rates at 3.75% on a 7-2 vote in June, its most hawkish split since the easing cycle began, with two policymakers pushing for a hike over energy-price risk tied to the fragile Iran truce.

Four central bank governors standing outdoors in Sintra, Portugal, with text overlay 'Central Bank Governors Speak at the ECB Forum in Sintra, Portugal' and FXIF logo.
Bank of England Governor Andrew Bailey joins the policy panel at the ECB forum on central banking in Sintra, continuing communications after the June MPC decision to hold Bank Rate at 3.75%. Source

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