RSS BOE leaves bank rate unchanged at 4.75%, as expected

[Crax Bot]

• Prior 4.75%
• Bank rate vote 6-3 vs 8-1 expected (Dhingra, Ramsden, Taylor voted to cut bank rate by 25 bps)
• A gradual approach to future interest rate cuts remains right
• We can't commit to when or by how much we will cut rates in 2025 as economic uncertainty is high
• Statement details to follow..

This article was written by Justin Low at www.forexlive.com.

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