The Bank of England said members of the Bank’s Monetary Policy Committee (MPC) voted 7-2 to keep rates on hold at 4%. Two policymakers, Swati Dhingra and Alan Taylor, were outvoted in calling for a quarter point cut to 3.75%.
00:00Hello, I'm Greg Wright of the Yorkshire Post. Some major breaking economic news.
00:07The Bank of England has revealed that members of the Bank's Monetary Policy Committee voted by seven votes to two to keep interest rates on hold at 4%.
00:18Two policymakers, Swati Dhingra and Alan Taylor, were outvoted in calling for a quarter point cut to 3.75%.
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