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BoE Holds at 3.75% as Three Policymakers Vote to Hike
Vera
By Vera
Markets Editor
The Bank of England held Bank Rate at 3.75% by a 6–3 vote, with three policymakers seeking an immediate increase to 4%. The MPC said UK InflationInflation refers to a sustained rise in the general price level that reduces the purchasing power of money. The term belongs in Level 7 because it helps connect macro conditions...Read More, already 3.1% in August, is likely to rise further as the Middle East conflict keeps energy costs elevated. It judged inflation risks more firmly tilted upward and signalled readiness to tighten if persistent energy VolatilityDefinition   Volatility describes the size and speed of price changes over time. A high-volatility market makes larger or faster moves, while a low-volatility market...Read More produces broader price and wage effects. The Bank also adopted a slower multi-year plan to unwind its remaining monetary-policy gilt holdings by 2034.
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