The Bank of England has held interest rates at 5.25 per cent after a knife-edge vote that is likely to signal the peak of borrowing costs after almost two years of rate rises.
Thursday’s decision sent the pound lower against the dollar but boosted the shares of property developers.
Following better than expected inflation data a day before, the bank’s Monetary Policy Committee was split five to four in favour of leaving rates unchanged, with BoE governor Andrew Bailey casting the final and decisive vote.
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