From CNBC:

The Bank of England has decided to keep interest rates steady at 5.25%, with a highly divided 6-3 vote among board members. Inflation unexpectedly rose to 4% in December, driven by alcohol and tobacco prices. Despite some easing indicators, the MPC did not openly signal rate cuts, projecting inflation to temporarily fall to 2% in Q2 2021.

In a highly divided vote, the Bank of England held interest rates at 5.25%. Headline inflation for the UK unexpectedly rose to 4% in December, driven by alcohol and tobacco prices, while core CPI remained unchanged at 5.1%. Despite easing indicators, the MPC did not openly signal rate cuts, projecting temporary inflation fall to 2% in Q2 2021.

The Bank of England voted 6-3 to keep interest rates steady at 5.25%, with two dissenters preferring a 25 basis point hike and one calling for a quarter-point cut. Despite easing indicators, the MPC did not openly signal rate cuts and projected temporary inflation fall to 2% in Q2 2021.



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