The Bank of England maintained its policy rate at 3.75% for the sixth consecutive meeting, matching market expectations. The decision keeps borrowing costs unchanged as the central bank continues its current monetary stance.
Following the announcement, GBP/USD briefly dipped 20 points to 1.3388 before stabilizing. Markets had fully priced in the hold decision ahead of the policy statement.
Bank of England Holds Policy Rate at 3.75% for Sixth Consecutive Meeting
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