Monetary Policy Committee split three ways over interest rate change

Walker Crips' Market Commentary

Last week the Bank of England (“BOE”) voted to keep interest rates steady at 5.25%. The decision represented a rare divergence of opinion with the Monetary Policy Committee split three ways, for the first time since the 2008 financial crisis. Two committee members advocated for a 0.25% interest rate hike, another voted for a 0.25% interest rate cut, while the remaining six members opted for the status quo. The BOE affirmed the need for a restrictive monetary policy to address inflationary pressures, yet hinted at a forthcoming review on the duration of the current interest rate levels.…

Stocks featured:

Pets at Home, GlaxoSmithKline and Diageo

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