Six MPC members, together with BoE governor Andrew Bailey, voted in favour of sustaining the present rate of interest, whereas three members voted to trim it down by 25 foundation factors to 4.5%.
The choice adopted a 2.6% rise within the annual inflation fee in November, up from 1.7% two months earlier in September.
The info for November was barely under FactSet’s consensus, which anticipated that determine to face at 2.7% final month.
Rise in UK inflation ‘unwelcome’ forward of BoE rate of interest assembly
In response to BoE, the inflation got here in barely larger than beforehand anticipated, “owing in la…
