Bank of England Maintains Bank Rate at 3.75% After 7-2 Vote
The Bank of England's Monetary Policy Committee voted 7-2 to hold the Bank Rate at 3.75% in its June meeting, concluding that it would be premature to raise interest rates given ambiguous signs about the durability of recent inflationary pressures. Two members - external member Megan Greene and Chief Economist Huw Pill - favored a 25 basis-point in…