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2024

Bank of England keeps main interest rate unchanged at 5.25% ahead of UK election

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Bank of England keeps main interest rate unchanged at 5.25% ahead of UK election

The BoE's Monetary Policy Committee voted 7-2 to keep rates on hold, in line with economists' expectations in a Reuters poll. Deputy Governor Dave Ramsden and external MPC member Swati Dhingra remained the only policymakers to support a cut to 5%.