Bank of England Maintains Interest Rates Amid Dovish Stance

The Bank of England has decided to keep interest rates unchanged at 3. 75% by a narrow vote of 5-4, with Governor Andrew Bailey casting the decisive vote. According to Jin10, Bailey opted for stability this month, contrasting his previous support for a rate cut in December. In his statement, Bailey indicated that there might be room for further rate cuts this year if conditions allow source: https://www.binance.com/en/square/post/36046027962026?utm_source=BinanceNewsRSS