Divergence in MPC vote signals split between 'hawkish concerns' and 'dovish direction'

The BoE opted to hold rates at 5.25% today (1 February), marking the fourth consecutive hold from the central bank, a move which mirrored the US Federal Reserve, which also decided to hold rates steady. Bank of England holds at 5.25% and predicts higher rates into 2027 While the decision to hold was generally forecast, the divergence of opinion from MPC members was noted by commentators. In the first three-way split since 2008, Jonathan Haskel and Catherine Mann voted to increase rates to 5.5% and Swati Dhingra elected to cut rates to 5.25%, while the remaining six members, includi...