UK interest rates kept on hold at 0.25%

UK interest rates kept on hold at 0.25%

The Bank of England's interest rate setting committee has voted to keep rates unchanged at 0.25%.

However, one of the nine who sit on the Monetary Policy Committee, Kristin Forbes, expressed concern about rising inflation and voted to raise rates.

It was the first time since July last year that the vote to maintain rates had not been unanimous.

On Wednesday, the US central bank voted to increase its interest rates, its second recent move upwards.



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