Bank of England maintains interest rates at 3.75%, Bailey open to future hike
UKPulse Money Desk
The Bank of England's Monetary Policy Committee has voted to keep borrowing costs at 3.75%, with Governor Andrew Bailey indicating that a future rate hike remains a possibility.
- The Bank of England's Monetary Policy Committee voted 6-3 to maintain borrowing costs at 3.75%.
- Governor Andrew Bailey has stated that a rate hike remains a possibility.
- Bailey's comments were made amidst continuing global uncertainty.
The Bank of England's Monetary Policy Committee has decided to keep borrowing costs at 3.75%. The vote saw six members in favour of maintaining the rate, while three voted for a change.
Bank of England Governor Andrew Bailey has indicated that the option for a rate hike remains open. This stance comes amid what he described as continuing global uncertainty.