News in Review Wednesday 7th February 2024 - HCR IFA
News in Review Wednesday 7th February 2024

News in Review Wednesday 7th February 2024

Last week, during their first meeting of 2024, the Bank of England’s (BoE’s) Monetary Policy Committee (MPC) voted to retain Bank Rate at 5.25% by a majority of six to three. Two members of the committee preferred to increase the rate by 0.25 percentage points, to 5.5%, with one member voting to reduce the rate to 5%.