Analyst: Bank of England maintains interest rates as scheduled, voting shows division.
Jeremy Batstone-Carr, analyst at Raymond James Investment Services, said that as widely expected by the market, the Bank of England's Monetary Policy Committee maintained interest rates on Thursday, but the decision was not unanimous. Despite signaling a "leaning towards a rate cut at the next meeting" in the past, three more dovish members of the committee voted in favor of a further 25 basis point cut. This decision of divergence indicates that the central bank is preparing to further loosen monetary policy, possibly as early as August.
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