BoE leaves key rates at 5.25%; moves closer to first rate cut since 2020
Thu, May 9, 2024 4:50 PM

BoE leaves key rates at 5.25%; moves closer to first rate cut since 2020

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LONDON, May 9 (Reuters) - The Bank of England took another step towards lowering interest rates, as a second official backed a cut and Governor Andrew Bailey said he was optimistic that things are moving in the right direction .The BoE said on Thursday its Monetary Policy Committee voted 7-2 to keep rates at a 16-year high of 5.25% after Deputy Governor Dave Ramsden joined Swati Dhingra.

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