UK interest rates kept on hold at 0.75%

UK interest rates kept on hold at 0.75%

The Bank of England has kept interest rates on hold at 0.75%.

In Mark Carney’s final interest rate meeting as governor, the Bank’s Monetary Policy Committee (MPC) voted 7-2 to keep rates unchanged.

Policymakers expect an improving global backdrop and reduction in uncertainty following Prime Minister Boris Johnson’s election victory.

However, the MPC said it was poised to cut interest rates if…

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