BoE raises bank rate to 0.75%, but Cunliffe voted for no change

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BoE raises bank rate to 0.75%, but Cunliffe voted for no change

BoE raises Bank Rate by 25bps to 0.75% as widely expected. But surprisingly, it was done by a 8-1 vote, with Jon Cunliffe voting for no change at 0.50%. In the statement, BoE said, “some further modest tightening in monetary policy may be appropriate in the coming months, but there are risks on both sides […]

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Source: BoE raises bank rate to 0.75%, but Cunliffe voted for no change