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Bank of England holds rates, British Pound slips
['Kenneth Fisher', 'Market Analyst']
MarketPulse
The Bank of England stayed on the sidelines at today's meeting, maintaining interest rates at 4.0%.
This followed a quarter-point cut in August.
The 7-2 vote saw two members vote for a quarter-point cut.
Last month's decision to lower rates was decided by a 5-4 vote and took an unprecedented two rounds.
Unless inflation slows markedly, the BoE may have to wait until 2026 to lower rates.
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