The Bank of England has held the interest rate at 3.75% but signalled that further cuts are now "likely" later in the year as inflation falls back to the Bank’s 2% target faster than expected.
Five members of the Monetary Policy Committee voted for a hold, while four wanted to cut it by 0.25 percentage points to 3.5%.
Sky’s Paul Kelso says the deciding vote went to Bank of England Governor Andrew Bailey.
Read more: https://news.sky.com/story/money-live-consumer-personal-finance-tips-sky-news-latest-13040934
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